AI-based verification system
Vouched introduces its identity verification solution to equipment rental professionals at the ARA Show.
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| Vouched’s platform can be implemented through a variety of methods with one of the common methods being a no-code solution making it easier for smaller businesses to use an automated IDV solution today. |
Against the backdrop of sophisticated rental fraud schemes – exemplified by recent federal prosecutions where criminals used real IDs but stolen payment credentials to steal more than $1 million in equipment from Home Depot across multiple states – Vouched's flexible identity verification (IDV) solution enables equipment rental businesses to verify renters anywhere and anytime, to address the rise in fraudulent activities.
Vouched’s platform can be implemented through a variety of methods with one of the common methods being a no-code solution making it easier for smaller businesses to use an automated IDV solution today. Its real-time decisioning offers industry-leading response rates, making it mission-critical for secure and efficient identity verification.
“Vouched's AI technology can be deployed today to help businesses immediately address the rising wave of equipment rental fraud and associated financial losses. Our solution delivers fast, accurate identity verification that stops fraudulent IDs in their tracks while maintaining a smooth customer experience," says Peter Horadan, CEO of Vouched. "With the increasing sophistication of equipment rental scams, businesses need a robust verification system they can implement quickly. Vouched provides that flexibility - allowing companies to rapidly integrate our technology and start protecting their assets while ensuring legitimate customers can still easily access their services”
Visual identity verification is complex, involving high user input variability and potential security implications. Vouched has developed proprietary deep-learning models to detect and classify identity documents, and extract and match biometric information to related ID artifacts while detecting and flagging bogus and fraudulent evidence.
Using dozens of proprietary AI models and rigorous data checks, Vouched can verify individuals and detect more than 99 percent of known fraud cases—one of the highest detection rates in the industry. In July 2024, Vouched’s AI technology achieved a significant milestone, exceeding 20 million verified identities. As new identification forms emerge globally, Vouched's AI enables rapid scaling and adaptation, effectively scrutinizing new documents for authenticity, including liveness and other fraud detection checks.
2025 ARA Show booth 1757
PRO CONTRACTOR RENTALS MAGAZINE
Pro Contractor Rentals provides information of value to rental centers who focus time, resources and attention on meeting the demands of construction contractors and other equipment rental customers.
