FIELD VERIFICATION SYSTEM |
Banks, finance companies and telecom companies need to verify information provided by applicants by commissioning external agencies. These agencies have at least a 24-hour turnaround on their feedback. This turnaround time can be reduced to just a few hours by having field-staff receive the data to be verified on the cell phone and also have them update results on-line through the phone so that subsequent processing can commence immediately.
Benefits
- The time for verification is lowered to less than a day.
- Loan or card application processing time is reduced.
- Field staff productivity is greatly improved thus lowering the cost per verification.
- Paperwork is reduced thus lowering back-office costs.