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.

Marketplace Master Expo

PassTime Exhibiting at Marketplace Master National Convention & Expo

Catch up with PassTime exhibiting at the inaugural Marketplace Master National Conference & Expo in Dallas, Texas – September 6th, 7th, and 8th at the Hyatt Regency.

Find us in Booth # 205


marketplace master logo

The Marketplace Master Conference and Expo is hands-on and results orientated, focused on dealer education to drive success.

Click below for more info on the Marketplace Master National Convention and Expo.

More Info Button

PassTime GPS Regulation disclosure

Is Not Disclosing Threatening Your Business?

Are you the one putting your business at risk?  Yes, really – it might be you.  Despite the record sales you’ve brought in – despite the cost saving measures you’ve put in place – despite the efficiency of the organizational procedures you’ve implemented. If you’re the person putting GPS tracking devices on the vehicles you’re selling – without disclosing it to the consumer – then you might be putting your business at risk.

The use of GPS devices to help mitigate the risk for creditors in the subprime auto finance industry has been around for a long time.  Yet, even after all this time, there are GPS providers – and dealers or creditors – who STILL operate without obtaining written disclosure from the consumer when using this type of technology.

Let’s not kids ourselves.  It is not the technology that’s the problem.  It’s your choice not to disclose the use of that technology or failure to comply with state and federal regulations that is the problem.  This decision could make you a threat to your own business.

Why should you be disclosing?

Well, depending upon your state, it might be illegal not to.  Several states including California, New Jersey and Nevada have recently passed laws REQUIRING disclosure of GPS devices to the consumer.  The laws vary by state on exactly what must be disclosed and exactly how it must be disclosed, but disclosure itself is not an option.

Even if it is not specifically illegal not to disclose in the states you are doing business, by choosing not to disclose the use of GPS devices to your customers, you are still exposing your business to some serious liability.

With Right-to-Cure laws, Consumer Protection Acts, Consumer Privacy Acts, not disclosing the use of the device could open you up to legal issues such as fines or even civil action.

Tom Hudson, partner at law firm Hudson Cook LLP encourages dealers to disclose the use of devices, stating, “Every state that has legalized devices by statute has also required a dealer or finance company to disclose that a vehicle has been equipped with a device. Further, more than one state has fined dealers for failing to disclose the devices for engaging in an unfair, deceptive or abusive act or practice.  You’d have to be brain dead not to disclose the presence of the device.”

What might happen if you don’t disclose?

Of course, the CFPB could take notice of your position not to disclose.  If you think you’re too small to get the attention of the CFPB, I wouldn’t count on it.  Just look at Y King S Corp., which does business as Herbies Auto Sales, in Colorado.  Last year, the company was ordered to pay $700,000 in redress to consumers for what the CFPB called violations in the Truth in Lending Act and the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act.  Would the CFPB consider failing to disclose the use of GPS technology a violation as well?

It is fair to say that having a customer sign a written disclosure about the existence of a device, how it operates, and how it will be used by the creditor, helps reduce the liability of your company that could prevent a lawsuit or other type of consumer complaint.

So, if your GPS provider is saying you don’t need to disclose – maybe you should ask them if they are also offering to cover your legal fees or a potential fine from the CFPB or a class-action lawsuit for invasion of privacy down the road.

PassTime, an industry leading GPS provider offers technology that is compliant with state and federal regulations.  Additionally, the company employs a certified compliance officer and offers advice and recommendations along with free webinars with the Hudson Cook law firm to its customers.

Does your provider do that?

Click here for more info on PassTime’s compliance efforts.

Bill Murphy Receives TIADA’s 2017 Presidential Award


The Texas Independent Auto Dealers Association (TIADA) has awarded Bill Murphy of CP Insurance Associates the 2017 Presidential Award.

The award was given at the TIADA Conference and Expo in July.

TIADA’s press release announcing the award stated, “The Presidential Award, which is not presented every year, honors those individuals who over the years have given more than just time, money or resources to support the association. A presidential award winner is an individual who contributes for many years at all levels.”

Murphy has been greatly involved in the industry, specifically in Texas including education, lobbying efforts, consulting and other contributions.

Additionally the press release stated, “Bill has been a fixture in our organization helping us to not only serve our members but also the entire industry for many years,” TIADA Executive Director Jeff Martin said. “We are excited to honor him for his many contributions to TIADA.”

Congratulations Bill!

PassTime VP Recognized by Subprime Auto Finance News

PassTime VP of Financial Services, Kevin Carr recognized by Subprime Auto Finance News in its recent Movers & Shakers edition.

Each year, Subprime Auto Finance News highlights some of the best of the best professionals who lead the way in keeping finance companies and service providers successful.

Kevin Carr

On this year’s list is Kevin Carr, PassTime’s VP of financial services.  Carr joined PassTime nearly two years ago to be vice president of financial services, leveraging his time with Credit Acceptance into “tremendous success” with the device company, thanks to intimate knowledge of finance companies.

“Throughout his time at PassTime, Kevin has had the opportunity to better understand the needs of his clients and the ability to provide solutions that meet those needs,” his nomination said. “Additionally, Kevin has strengthened his relationships and the trust of both prospects and customers by taking an approach of consulting and educating, a method PassTime has utilized for decades.

Carr has helped PassTime build a new company segment focused solely on working with finance companies, credit unions and banks. “Kevin is always willing to share his knowledge with his colleagues as well as learn from them, making the company, himself and his colleagues better able to serve its customers,” the nomination said.

To view the entire Movers & Shakers edition, click here.

PassTime Exhibiting at TIADA

Come See PassTime at Booth #64 at the TIADA Conference and Expo!

PassTime will be exhibiting at the TIADA Conference and Expo July 23-25, 2017 at the Hyatt Hill Country Resort in San Antonio, Texas.  So, we’d love to see you there.  Stop by booth #64 to find out what PassTime has to offer.

So, what is the TIADA Annual Conference & Expo?

Simply put, it is your opportunity to improve your business. The best education, connections with the top operators in the state, an Expo with 100+ relevant and motivated vendors – it’s all here. Featuring 35 breakout sessions across five Learning Tracks and networking opportunities galore, all set against the backdrop of the fabulous Hyatt Hill Country Resort in San Antonio, Texas.

For more information or to register, Click Here.

PassTime Announces All New Override App

The All New PassTime Override App allows consumers to request a disable override command directly from their smartphone

PassTime has launched the new PassTime Override App – breakthrough technology making it even easier for consumers using PassTime’s patented Automated Collection Technology.

Consumers can now request override commands directly through the PassTime Override App for iPhone and Android without the need to use the remote or call the customer care center.  Since its inception, PassTime has included override commands to help ensure a consumer could drive their vehicle, even if it was disabled, in the event they needed to, like an emergency.  With the new App, consumers can quickly and easily request an Override Command in the event their vehicle is disabled.

For more information on the PassTime Override App or download it, click here.

PassTime Override App Icon