PassTime Names New CEO, President
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.
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.
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.
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.
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.
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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