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PassTime cofounder Jeffrey Frank was named chairman and CEO, while 19-year company veteran Chris Macheca was named president. The latter will retain his title of COO.
Read More →Last month’s National Alliance of Buy Here, Pay Here Dealers Underwriting and Collections Conference featured the release of a highly anticipated study on the effectiveness of payment assurance devices.
Read More →Repossessing a vehicle is never a good thing, but technology has certainly come a long way in helping dealers do just that. The Special Finance Coach discusses how to keep customers on time with their payments, as well as how social-networking sites like Facebook can help when they’re not.
Read More →PROCON Inc. unveiled LoanPlus, a new payment assurance brand, which uses GPS telemetrics, customized Web services and customer service teams to support financial lending institutions in their collections and operations management.
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When it comes to the buy-here, pay-here model, payment assurance technology definitely strengthens a dealer’s ability to keep customers current. But these devices are only part of the equation for a successful operation.
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