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Autocorp.ai Waives Platform Fees for Select Canadian Franchise Dealers - Bank-Grade ID Verification at Zero Monthly Cost | Deepscope News
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 August 1, 2026 12:06 AM  finance.yahoo.com Negative

Autocorp.ai Waives Platform Fees for Select Canadian Franchise Dealers - Bank-Grade ID Verification at Zero Monthly Cost

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Limited-time offer removes the $399/month platform fee for franchise rooftops as auto lending fraud hits a record $10.4B — helping Canadian dealers stop identity fraud at the door and fund cleaner deals faster.

Fraud is becoming an increasing threat to automotive dealerships, making proactive protection more important than ever. Learn how G&M Auto's experience highlights the need for technology that helps prevent fraud and safeguard dealership operations.

Toronto, ONTARIO, July 31, 2026 (GLOBE NEWSWIRE) -- Autocorp.ai, the credit-first qualification platform for automotive dealerships, today announced a limited-time offer waiving its $399/month platform fee for select Canadian franchise dealerships — including Kia, Hyundai, Nissan, Honda, General Motors, Volkswagen, Mercedes-Benz, and Genesis stores. Qualifying dealers get full access to AVA® ID with no monthly subscription and no setup fee.Autocorp.ai Waives Platform Fees for Select Canadian Franchise Dealers - Bank-Grade ID Verification at Zero Monthly Cost

Autocorp.ai Waives Platform Fees for Select Canadian Franchise Dealers — Bank-Grade ID Verification at Zero Monthly Cost

The offer lands as identity fraud reaches records across North American auto retail. Point Predictive's 2026 report pegs auto lending fraud exposure at $10.4 billion — the highest ever measured — with roughly 1 in 114 loan applications now involving a synthetic identity. In dealer surveys, 77% report fraud activity rising over the past 24 months, and 48% say they've lost four or more vehicles to identity fraud in the last two years.

AVA® ID authenticates a customer's government ID, confirms a live biometric selfie match, and runs 30+ fraud and OFAC/sanctions checks — returning a lender-ready pass/fail report with a full audit trail in about 60 seconds. Dealers verify in-store via QR code or remotely by SMS, on the customer's own phone, with no hardware, no app, and no integration. Results surface directly inside existing CRM, DMS, and F&I tools through the AVA® Co-Driver browser extension. With the platform fee waived, dealers pay only $1.99 per verification.

"Fraud is now direct inventory loss, and it's accelerating faster than most stores can react," said Andrew Lemoine, CEO of Autocorp.ai. "We're removing the biggest reason a dealer hesitates — the monthly fee. This is the only IDV solution in market purpose-built for automotive dealers, and the only one that seamlessly connects identity verification to full credit bureaus through soft-pulls. That means a verified customer and a real credit picture before the deal is ever structured — cleaner deals, less fraud, and faster funding."

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Beyond fraud prevention, verified identity upfront accelerates funding: clean deal jackets mean fewer stips, less rework, and faster lender disbursement. AVA® ID is part of the broader AVA® platform, which combines dual-bureau soft-pull credit qualification, trade-in valuation, and a built-in marketing suite. Dealers who start with AVA® ID can expand into Starter, Growth, or Complete packages as their needs grow.

OFFER AT A GLANCE

$0 platform fee — $399/month waived for select Canadian franchise dealers Purpose-built for auto — the only in-market IDV that connects ID to full credit bureaus via soft-pull No integration required — live within one business day Eligible brands — Kia, Hyundai, Nissan, Honda, GM, Volkswagen, Mercedes-Benz, Genesis

About Autocorp.ai

Autocorp.ai helps automotive, powersports, RV, and marine dealerships across North America qualify buyers with soft-pull credit, verify identities, and value trade-ins — all inside the tools their teams already use. Start with credit. Close more deals. Learn more at autocorp.ai.

MEDIA CONTACT

Alex Vorobiev - [email protected]

Press Inquiries

Alex Vorobiev
pr [at] autocorp.ai
https://autocorp.ai/

A video accompanying this announcement is available here: https://youtube.com/watch?v=Rcoyx1-cslU

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