What is a License Plate Search and How Does it Work?
Sep 13, 2023 MicroBilt News
If you're looking to gather detailed information on a customer, a license plate lookup tool might be the right way to go. By simply entering data on a car (e.g., VIN, license plate number, tag number, etc...), you can access detailed records on the vehicle and its owner in seconds.
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6 Advantages of Alternative Credit Scores and Data
Sep 13, 2023 MicroBilt News
There are many ways to determine someone's creditworthiness. Unfortunately, the same traditional methods are often used, excluding large groups of potentially reliable borrowers; that's where alternative credit scores can help. This contemporary scoring method gives lenders a modern way of measuring a consumer's creditworthiness using factors not traditionally considered.
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What does it mean to be Unbanked vs. Underbanked?
Sep 13, 2023 MicroBilt News
With over 4,000 banks and just under 5,000 credit unions scattered across the country, it’s hard to believe consumers don't use at least one financial institution. However, this is very common, with 25 percent of the population labeled as unbanked or underbanked. But what's the difference between these two types of customers?
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Top 6 Identity Verification Methods
Sep 13, 2023 MicroBilt News
Identity verification has become a crucial aspect of today’s business world, particularly for financial institutions and e-commerce companies. Unfortunately, keeping up with the latest techniques can be challenging, with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations constantly pushing the advancement of identity verification methods globally.
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What Is Bank Verification and How to Choose a Method for a Lending Business
Jun 29, 2023 MicroBilt News
More lending businesses are using ACH payments as a payment method, but they need bank verification to mitigate potential risks. Keep reading to learn more.
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