All posts by Jeff Karg

PassTime Exhibiting at Non-Prime Auto Financing Conference

PassTime will be exhibiting at the upcoming Non-Prime Auto Financing Conference (NAF) May 30-June 1 in Fort Worth, Texas. As a long-time supporter and staple at the show, PassTime will showcase how the auto financing industry can benefit from its reliable, high-quality GPS Solutions and installation services.

Each year the NAF Association provides the industry with a relevant and timely agenda of topics for its annual conference that addresses areas impacting the non-prime auto financing market.

Are you attending NAF this year?

We’d love to meet with you.  Click below to email Kevin Carr, VP of Financial Services to schedule a meeting.

PassTime GPS Tracking Solutions Verizon LTE

PassTime and Megasys Announce Integration Partnership

LITTLETON, Colorado—May 16, 2018—PassTime®, a leading provider of GPS Solutions and Megasys, a leading provider of complete loan servicing systems for the consumer finance industry announced today the companies have completed a software integration project.

With the new integration project complete, customers will be able manage their PassTime GPS products using the Megasys *Omega Originations & Servicing System*. This will streamline the process of setting up new accounts and performing many of the PassTime system functions from one system.

“We are proud to add Megasys to our growing list of integrated DMS partners.  They are certainly one of the best in the industry,” said PassTime President and COO Chris Macheca.

Buy-Here-Pay-Here dealers and finance company customers use PassTime’s GPS solutions to protect their assets, enhance collection processes and reduce delinquencies and repossessions.  PassTime, which has been in business for over twenty five years, prides itself on providing high-quality and reliable products to the vehicle financing industry along with unmatched 24/7 live customer care for its customers and consumers.

Clients will be able to manage an asset directly within the Megasys Originations and Servicing systems. The seamless real-time integration allows customers to perform several PassTime functions including location, enable/disable and notification services.

“We are excited to partner with such a reputable company in the industry,” said Theo Austin, President & CEO of Megasys.” The integration with PassTime was developed to support customer demand for Megasys clients that have been utilizing their services.

The companies mentioned that the integration is complete and is commercial available.

For more information please contact PassTime at 877-727-7846 or info@passtimegps.com

About PassTime

PassTime 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.

About Megasys

Megasys is the leader in complete loan servicing systems for the consumer finance industry for over 35 years. Megasys provides customizable software platforms for finance companies of every size, from startup businesses to major corporations.  Their clients service 2 million active accounts and have processed over 1 million applications, with $8 billion in transactions. Omega is a user–friendly browser–based solution that streamlines account servicing operations.  Their total solution includes loan origination, loan servicing, collections, reporting, and document storage. Omega includes integrated and intuitive General Ledger and Accounts Payable systems with drill–down capability, making Omega the most complete package available for a consumer finance company.

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PassTime Announces LTE Category M GPS Device

LITTLETON, Colorado—March 27, 2018—PassTime®, a leading provider of GPS Solutions announced the all-new TRAX® 6 device, the industry’s first LTE Category M GPS tracking device serving new and used car dealers, finance companies, fleet and powersports dealers.

The TRAX 6, certified on Verizon Wireless, features LTE Cat M (category M) technology which boasts extremely low power consumption from the device as well as network longevity in using some of the newest network technology available. These enhancements will complement the robust feature set already available on TRAX.

“I am excited to bring another cutting-edge product to the market. PassTime continues to shatter expectations in terms of innovation with TRAX 6, the industry’s first LTE Cat M GPS device,” said PassTime President & COO, Chris Macheca.

PassTime, which has been in business for more than 25 years, provides GPS Solutions for customers to connect their vehicles and protect their assets. The company prides itself on providing high-quality and reliable products along with unmatched 24/7 live customer care for its customers and consumers.

TRAX 6 is currently in production and will be commercially available soon.

For more information please contact PassTime at 877-727-7846 or info@passtimegps.com

About PassTime
PassTime is a leading provider of GPS Solutions and has been in business for more than 25 years. PassTime’s GPS telematics products help connect vehicles and protect assets for multiple sectors of the automotive and powersports industries including auto dealers, auto finance companies, fleet transportation providers and consumers. The company prides itself on high-quality, reliable products and unmatched customer support.

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Click Here for more information about TRAX

 

Auto Remarketing Canada 2018 PassTime GPS Solutions Auto Finance BHPH

PassTime Exhibiting at Auto Remarketing Canada

Join PassTime as we exhibit at one of the biggest automotive shows of the year! Auto Remarketing Canada Conference is being held in at The Westin Harbour Castle in Toronto, Canada, March 27th-28th.

Come see us in booth #114!

Would you like to meet at the show?

Click below to email Bryce Wassersleben, PassTime’s VP of Business Development – Canada, to schedule a time to meet.

PassTime exhibiting at NADA 2018 GPS Solutions

PassTime Exhibiting At NADA

Join PassTime’s InTouch as we exhibit at one of the biggest automotive shows of the year! The NADA show is being held in Las Vegas, March 22-25th.

Come see us in booth #5238c
– and be entered to win some awesome prizes –

Get your money’s worth at NADA by learning how InTouch can help increase your F&I and Service revenue.

InTouch is a GPS system to help dealers manage inventory on their lot, increase revenue with F&I resale, and help with service tracking.

For more information about InTouch Logo
Click here

REPAY and PassTime Announce New Partnership

ATLANTA and LITTLETON, Colo., Feb. 13, 2018 /PRNewswire/ — REPAY – Realtime Electronic Payments, a premier provider of advanced payment technology products and processing services, is honored to announce its new partnership with PassTime, an industry-leading GPS Solutions provider offering GPS tracking and Automated Collection Technology products and services to auto dealers and auto finance companies.

PassTime, which has been in business for more than 25 years, currently protects more than $10 billion in automotive assets by providing dealers and finance companies with in-vehicle technology proven to help lower delinquencies and repossessions. Through the use of payment reminders and vehicle disable features, PassTime solutions can help mitigate risk when financing consumers and also improve communication between consumers and creditors. Specializing in the consumer finance and auto finance industries for more than a decade, REPAY offers integrated payment solutions that enable businesses to accept payments at any time through a variety of payment methods.

An opportunity for partnership between REPAY and PassTime presented itself when shared customers faced a growing need to automate and shorten the duration of the payment process. The two companies have finalized an integration that will provide their customers with a more efficient and consumer-friendly collection method.

After consumers submit an electronic payment to the dealer or finance company, REPAY immediately processes the payment and automatically sends a message to the merchant and PassTime. The PassTime device receives the wireless command to reflect the current status and the merchant’s customer management system is updated with the most recent payment information.

“We are thrilled to partner with such a highly regarded company in the industry,” said Susan Perlmutter, Chief Revenue Officer for REPAY. “The integration with PassTime is a big win for our customers and bridges the payment communication gap, resulting in a quicker, more automated collection process.”

“REPAY is a perfect fit for PassTime and we are excited about this partnership. The integration will make it even easier for our customers to manage their payment processing services and PassTime solutions,” said Jerry Morgan, PassTime’s executive VP of product development.

About REPAY

Realtime Electronic Payments (REPAY) is a full-service provider of electronic transaction processing services for a variety of integrated end markets, offering a suite of advanced payment technology products, including credit/debit card processing, ACH processing, consumer-facing payment portals, and electronic bill payment systems. For more information, visit www.repay.com.

About PassTime

PassTime is a provider of GPS Solutions and has been in business for more than 25 years. Its GPS telematics products help connect vehicles and protect assets for multiple sectors of the automotive and powersports industries including auto dealers, auto finance companies, fleet transportation providers and consumers. The company prides itself on high-quality, reliable products and unmatched customer support.

For more information about PassTime, visit www.passtimegps.com or email info@passtimegps.com

SOURCE REPAY Realtime Electronic Payments

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PassTime Exhibiting & Panelist at Used Car Week 2017

PassTime Exhibiting & Panelist at Used Car Week 2017 Repo Con Nov. 13-14.

PassTime will exhibit at the content-packed Used Car Week, with a booth at the Repo Con show in La Quinta, CA.

Come see us in booth # 411!

Additionally, PassTime will be a panelist, discussing how to mitigate risk with analytics from your GPS devices. With the rise of Subprime Auto delinquency, expert panelist will speak about how GPS and Payment Assurance produces data to better mitigate and manage risk to reduce loan loss, grow with predictive loan performance and stay connected to borrowers. Kevin Carr, VP Sales Financial Services of PassTime, will be monitoring this workshop to address the true value proposition, compliance awareness and data analytics of GPS technology that will give all attendees the knowledge to lend smarter and with confidence in 2018.

Don’t miss Kevin Carr, PassTime VP Sales Financial Services
Mitigating Risk with Real Time Data and Real Time Analytics from Your Collateral
Tuesday November 14th at 8:30am

Used Car Week (UCW) is a five-day event that brings together all corners of the used-car and remarketing industry to discuss current trends, forecasting for the future and how to prepare for the road ahead. UCW encompasses four topic-specific conferences and the annual NAAA Convention, and is designed to educate, connect and advance individuals and businesses in the automotive industry.

Need to Register? Click here 

PassTime’s Late Co-Founder Inducted into BHPH Hall of Fame

Stan Schwarz, PassTime’s late Co-Founder & CEO was inducted into the BHPH Hall of Fame on Monday October 23, 2017.

The BHPH Hall of Fame is a special honor based on a lifetime of achievement for the betterment of the BHPH industry.

Stan Schwarz, who passed away in March 2017, was a pioneer in the industry, founding the company, PassTime, with co-founder Jake Frank in 1992.  Schwarz and Frank were trailblazers and created the Payment Assurance industry, developing technology to help creditors in the auto industry lower the risk of financing subprime consumers.

The induction was made during a ceremony at the National Association of Buy Here Pay Here Dealers (NABD) Orlando Conference at the Rosen Centre Hotel in Orlando, Florida. Stan’s son and PassTime VP of Sales, Ryan Schwarz accepted the award on behalf of his father.

Ryan Schwarz accepts BHPH Hall of Fame Award on behalf of his late father, Stan Schwarz

PassTime thanks the organization for the recognition of its founder, Stan Schwarz, and the many achievements he and co-founder Jake Frank have made to the BHPH industry.

PassTime Exhibiting & Panelist at NABD Orlando

PassTime Exhibiting & Panelist at the NABD Orlando Conference Oct 23-25, 2017.

A long-time supporter of the National Association of Buy Here Pay Here Dealers, PassTime will exhibit again at the upcoming Orlando conference.

Come see us in booth # 305!

Additionally, PassTime will be a panelist, discussing how its GPS tracking solutions are helping customers succeed.

Don’t miss PassTime President & COO, Chris Macheca
Collection Tools for Success – GPS
Tuesday Oct 24th at 2:15 pm

The Orlando BHPH Conference will cover all aspects of Buy Here, Pay Here and is ideal for both new & experienced operators.

Conference Info:
NABD Orlando Conference
October 23-25, 2017
Rosen Centre Hotel
9840 International Dr,
Orlando, FL 32819

Need to Register? Click here 

PassTime Data Security

PassTime Data Security

In recent months, a multitude of companies have experienced data security breaches.  Data security must be top of mind for every company that interfaces with user data.  Companies today need to dedicate resources to help ensure the safety and security of the data it holds.  PassTime takes data security very seriously and has maintained stringent company procedures.

SVR Tracking reportedly had a serious security breach that leaked more than 500,000 records online, including logins, passwords, email addresses, and vehicle information. As reported by numerous outlets including Gizmodo, Mashable, and MacKeeper Security, The Kromtech Security Center identified the information was publicly accessible on a misconfigured server.

How PassTime Keeps Data Safe

PassTime maintains data within its own private cloud, hosted by Zayo Holdings Group, a top-tier provider of communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure.  Zayo is a secure SSAE16/ SOC 1 Type 2, SOC 2 Type 2 and SOC 3 certified data center.

Password Encryption

PassTime uses Advanced Encryption Standard (AES-256) for the encryption and storage of passwords, which is a symmetric block cipher chosen by the U.S. government to protect classified information.

Proactive Approach

PassTime has take a proactive approach to its overall data and network security.  It periodically contracts cybersecurity companies to perform security audits and penetration testing of its networks to ensure the protection of all critical data.