Verra Mobility Launches AI Title and Registration System for Fleets

Verra Mobility has launched an AI driven title and registration system for fleet vehicle processing, the company announced in a press release.

The system uses AI powered document intelligence to identify document types, extract required data, and apply rules for each jurisdiction. Verra Mobility said qualifying transaction documents can be processed in under 90 seconds.

The company said the system supports same day processing for qualifying transactions, with an average processing time of about half a day. It said this is up to 80 percent faster than the typical 3 to 5 day turnaround.

Verra Mobility said it processes more than 1.7 million title and registration transactions each year with 99.8 percent accuracy. The company also said it has direct electronic connections to DMVs in 15 states and is expanding nationwide coverage options.