Photo courtesy of Record360
Record360, a provider of asset condition reporting software, announced the release of its Office of Foreign Assets Control (OFAC) and facial recognition security check solution.
This new feature to Record360’s software allows rental and leasing firms to stay compliant with federal law and security procedures while moving their customers through the checkout process, according to the company.
At a time of increased security across the U.S., trucking rental and leasing firms are being required by the OFAC to check customer names against their Specially Designated Nationals List, a list which includes the names of suspected terrorists, drug traffickers, and other individuals of special interest.
Truck rental and leasing firms that fail to comply are liable for penalties, including 30 years in prison and fines up to $10 million for corporations and $5 million for individuals. Further, with an increase in identity and ID theft, rental car companies face greater challenges in verifying that customers are who they say they are, according to the company.
By including an upfront license identification process prior to any condition review performed with Record360, companies will not only be complying with federal law but will also be alerted in the event that a customer is on the watch list. Additionally, the facial recognition software adds an extra layer of protection when comparing IDs with customers who walk into their shops.
“At Record360, we’re committed to helping rental and leasing firms safeguard their assets,” said Shane Skinner, co-founder and CEO of Record360. “We’re excited to offer this additional layer of security to our customers so that they can rent their cars, trucks, and equipment with complete peace of mind without having to slow down their operations.”