MURRIETA, Calif. — Sekurus Inc., manufacturer of the ON TIME payment protection system, has announced the formation of Sekurus Financial Services, a full-service accounts management program developed for dealers and financial institutions serving the subprime buy-here, pay-here auto market.

"By successfully leveraging our company's formidable knowledge of the auto industry's sub-prime market, we can now offer a financial services division that further reduces risk and helps to manage the entire billing and payment process from start to finish," said Mike Simon, president and founder of Sekurus. "We consider ourselves portfolio managers, eliminating the headaches involved with approving, tracking and collecting auto loan payments. Sekurus Financial Services is an invaluable resource for institutions and dealers working with high-risk buy-here, pay-here borrowers on a daily basis."

Sekurus Financial Services plans to offer a broad range of billing and collection support services to users of the ON TIME starter interrupt system. Services will include background and data verification, data backup maintenance, the close monitoring of various interest loans and prevention of late payments, confirming and managing insurance issues with debtors, negotiating insurance settlements and handling potential repossessions, according to the company.