Digital Recognition to Help TFS Recover Skip and Fraud Vehicles
Digital Recognition Network (DRN) will provide Toyota Financial Services (TFS) with license plate recognition technology services to assist with its overall loss recovery strategy for locating skip and fraud vehicles.
FORT WORTH, Texas — Digital Recognition Network (DRN) will provide Toyota Financial Services (TFS) with license plate recognition technology services to assist with its overall loss recovery strategy for locating skip and fraud vehicles.
Kent Pace, TFS corporate manager, said, "The vast majority of vehicles recovered by DRN technology were found at locations that were not uncovered by traditional skip tracing techniques. Most impressive is the number of vehicles recovered that had already been through our entire internal and agency placement strategies."
"We could not be more pleased to add TFS to our growing roster of clients," said Jay Newman, vice president of sales for DRN. "We have worked diligently with TFS to structure an agreement that will continue to add value to their long-term loss recovery strategy. An increase in recoveries for TFS will also create growth and value for our national network of DRNAffiliates — a true "win-win" situation for everyone."
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