LITTLETON, Colorado—June 9, 2016—PassTime®, a leading provider of GPS-based
technologies and Verifacto, a leading cloud powered risk management system for
independent car dealers, BHPH and auto finance companies announced today the
companies have completed a software integration project.
Customers utilizing both Verifacto
software and PassTime GPS solutions will now be able to perform a variety of
device management functions directly within Verifacto as well as utilizing
custom insurance status features.
“Verifacto has built an innovative
product solution that is unique to this market.
Adding them as an integrated software partner will be a great benefit to
our customers,” said Jerry Morgan, EVP of development for PassTime.
PassTime’s Buy-Here-Pay-Here and
finance company customers have been using its GPS and automated collection
technology solutions to enhance collection processes and reduce delinquencies
and repossessions. PassTime, which has
been in business for over twenty years, prides itself on offering high-quality
and reliable products to the subprime vehicle financing industry along with
unmatched 24/7 live customer care for its customers and end users.
Verifacto is a technology company
focused on improving the way lienholders and borrowers connect with
information. Verifacto makes data accessible and useful to their customer by
organizing information obtained from lenders, borrowers, and insurers. Verifacto’s risk management system tracks
insurance status and compliance for lienholders and additional insured,
combined with loan payment reminders and payment processing.
integration with asset recovery technology is very strategic and valuable
partnership. Verifacto analytics identifies the highest risk customers while
the GPS technology enables efficient Asset Recovery” said Hezi Moore,
Co-Founder/CEO of Verifacto, Inc.
The companies mentioned that the
integration is complete and is commercial available.
For more information please contact
PassTime at 877-727-7846 or firstname.lastname@example.org
GPS has been in business for more than 25 years in the global transportation
industry. Its wireless GPS telematics products are available for multiple
sectors of the automotive industry including auto dealers, auto finance
companies, auto leasing companies, insurance companies and fleet transportation
providers. Its products are available in the USA, Canada, Europe, Latin
America, Asia Pacific and the Middle East. The company designs, engineers,
manufactures and distributes its own products and has more than 25 patents
protecting its technology.