KUD Kudelski SA

RecovR ID Check: Protecting Automotive Dealers Against Fraud and Identity Theft

Kudelski Group / Key word(s): Miscellaneous
RecovR ID Check: Protecting Automotive Dealers Against Fraud and Identity Theft

23.01.2025 / 17:45 CET/CEST


New Real-Time ID Verification Service to Combat Dealership Fraud and Provide Critical Intelligence Before Vehicles are Stolen

 
Cheseaux-sur-Lausanne, Switzerland, and Phoenix, AZ, USA, January 23 — Kudelski IoT, a division of the Kudelski Group (SIX: KUD.S) and a pioneer in digital security and IoT solutions, today announced the launch of RecovR ID Check, an advanced identity verification solution designed to strengthen dealership defenses against identity theft and fraud in the U.S. automotive market. RecovR ID Check offers dealerships a modern, affordable solution to safeguard test drives, sales, and financing transactions.

Criminals are increasingly using fake and stolen identities to take advantage of automotive dealers—driving off with vehicles during test drives or securing financing fraudulently. Identity crime enables them to disappear without a trace, leaving dealers to absorb the financial loss. And the fraud is often only discovered after the fictitious buyer defaults on their loan payments, which can be up to 90 days after purchase.

"Identity crime is a growing threat, and staying ahead of criminals is essential for protecting our business," said Dennis Gingrich, Sales & Finance Director at The Niello Company, a 12-rooftop dealership group in the Sacramento area. "RecovR has worked closely with our dealership teams and industry experts to create a solution that directly addresses the need for robust anti-fraud measures in automotive retail. Our goal is straightforward—every vehicle sale should include a thorough identity check, ensuring secure transactions and safeguarding our bottom line."

RecovR ID Check meets the urgent need for real-time identity verification during crucial dealership processes such as test drives and vehicle financing, whether conducted in-person or online. This solution integrates seamlessly into existing dealership workflows, providing a powerful tool to reduce fraud and protect valuable dealership assets. Unlike competitive solutions, RecovR ID Check has no special equipment costs or monthly fees. Dealers simply purchase a pre-paid package of ID checks based on their needs.

“RecovR ID Check is the latest extension of the successful RecovR product line, which has already revolutionized automotive retail with its lot management and vehicle theft recovery and key tracking solutions,” said Patrick Hauert, SVP of Asset Tracking at Kudelski IoT. “Our mission is to develop technology solutions that resonate with the dynamic needs of today’s market. RecovR ID Check enhances auto dealers’ fraud prevention program with a powerful tool that helps ensure secure, trustworthy transactions and reduces loss.”


Kudelski IoT will be demonstrating al of its RecovR solutions at NADA Show 2025 in New Orleans, LA, January 24-26, on Booth 4501. To learn more about RecovR and its automotive retail solutions, please visit /.

 

About Kudelski IoT
Kudelski IoT is the Internet of Things division of Kudelski Group and provides end-to-end IoT solutions, IoT product design, and full-lifecycle services to IoT device manufacturers, ecosystem creators, and end-user companies. These solutions and services leverage the group’s 30+ years of innovation in digital business model creation; hardware, software and ecosystem design and testing; state-of-the-art security lifecycle management technologies and services and managed operation of complex systems. For more information about Kudelski IoT, please visit -iot.com. 


About Kudelski Group
The Kudelski Group (SIX: KUD.S) is a world leader in core digital security technologies and solutions for media, cybersecurity and IoT. The Group is headquartered in Cheseaux-sur-Lausanne, Switzerland and Phoenix, Arizona, USA with a presence in over 20 countries around the world. For more information, please visit 


Media contacts

Christopher Schouten
Kudelski IoT
Sr. Marketing Director
+1 (480) 819-5781

 

Marc Demierre
Kudelski Group
Director Corporate Communications
9

 

 

  



End of Media Release


Language: English
Company: Kudelski Group
route de Genève 22-24
1033 Cheseaux-sur-Lausanne
Switzerland
Phone: 1
Fax: 0
E-mail:
Internet:
ISIN: CH0012268360
Listed: SIX Swiss Exchange
EQS News ID: 2073841

 
End of News EQS News Service

2073841  23.01.2025 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2073841&application_name=news&site_id=research_pool~~~9efe1c65-8ece-4ff7-9608-f21c8e0a38a3
EN
23/01/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kudelski SA

 PRESS RELEASE

Endeavor Operating Company, LLC agrees to renew patent license agreeme...

Kudelski Group / Key word(s): Miscellaneous Endeavor Operating Company, LLC agrees to renew patent license agreement with the Kudelski Group 02.04.2025 / 17:45 CET/CEST Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA, April 2, 2025 - The (SIX: KUD.S), the world leader in digital security, today announced that , a subsidiary of Endeavor Group Holdings (NYSE: EDR), has renewed its patent license agreement with the Group. "This agreement validates that our patent portfolio continues to be relevant to the streaming video market, as our innovation drives the future of ...

 PRESS RELEASE

Tele Columbus Extends PŸUR TV Entertainment Service to Include Mobile ...

Kudelski Group / Key word(s): Miscellaneous Tele Columbus Extends PŸUR TV Entertainment Service to Include Mobile Device Apps Powered by NAGRAVISION and 3SS 31.03.2025 / 17:45 CET/CEST Leading German operator looks to extend service reach, drive loyalty, and increase access to personalized content through new service capability for PŸUR TV   CHESEAUX-SUR-LAUSANNE, Switzerland, and PHOENIX (AZ), USA — March 31, 2025 — , a (SIX:KUD.S) company and the world's leading independent provider of content protection and media and entertainment solutions, today announced that , one o...

 PRESS RELEASE

2024 Annual Report Publication

Kudelski Group / Key word(s): Miscellaneous 2024 Annual Report Publication 26.03.2025 / 17:45 CET/CEST Ad hoc announcement pursuant to Art. 53 LR Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA, March 26 2025 – The Kudelski Group has published its 2024 annual report on its website. The report is available under the following link: /investors-media/publications?year=2024   About the Kudelski Group The Kudelski Group (SIX: KUD.S) is a world leader in core digital security technologies and solutions for media, cybersecurity and IoT. The Group is headquartered in Ch...

 PRESS RELEASE

Secure, Efficient and Trusted: Axelera AI and Kudelski IoT Partner for...

Kudelski Group / Key word(s): Miscellaneous Secure, Efficient and Trusted: Axelera AI and Kudelski IoT Partner for Next Generation Edge Intelligent Ecosystem 11.03.2025 / 17:45 CET/CEST Collaboration to Secure Edge Deployments with Advanced Data and IP Protection to Accelerate Inference at the Edge Cheseaux-sur-Lausanne, Switzerland, Phoenix, AZ and Zurich, Switzerland, March 11, 2025 – , a division of the (SIX: KUD.S) and a world leader in digital security and IoT solutions, and Axelera AI, a pioneer in high-performance, energy-efficient AI solutions, today announced a st...

 PRESS RELEASE

Kudelski IoT and u-blox collaborate to bring advanced security to auto...

Kudelski Group / Key word(s): Miscellaneous Kudelski IoT and u-blox collaborate to bring advanced security to autonomous driving, drones and agricultural applications 10.03.2025 / 17:45 CET/CEST Kudelski’s Security IP integrated with u-blox’s latest X20 all-band high-precision GNSS chipset provides highly robust security and trust for GNSS applications such as autonomous driving, drones and agricultural applications.   Cheseaux-sur-Lausanne, Switzerland, Phoenix, AZ and Zurich, Switzerland, March 10, 2025 – , a division of the (SIX: KUD.S) and a world leader in digital se...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch