Tell us about PassTime and the products that are offered

Headquartered in Littleton, Colorado, PassTime was founded in 1992; the PassTime Suite of Products is designed to improve customer payment performance and reduce default and repossession risks. In 1997, PassTime created its first Automated Collections Technology product. Over the next several years, a Suite of Products evolved that offer GPS tracking, Anti-Theft, wireless, and Automated Collection Technology products and services designed to meet the needs of a highly diverse industry of car dealers and special finance companies. PassTime solutions facilitate higher rates of return on financing based upon improved customer payment performance. PassTime prides itself on a 24/7 Customer Care Support Center for partners, lenders, dealerships, and end-user customers. Over the past decade, PassTime has sustained industry leadership with its innovative products and services.

For Collections: PassTime Plus - Automated Collection Technology

• Schedule vehicle disable

• Flexibly number of warning and emergency days

• Anti-Theft Functionality

For Repossessions and Theft Recovery: PassTime GPS & PassTime TRAX - GPS Tracking

• Nationwide coverage

• Detailed mapping

• Automated locates

• Remote vehicle disable

For Collections and Repossessions: PassTime Elite - Automated Collection Technology with GPS

• On demand vehicle location

• Nationwide coverage and detailed mapping

• Remote vehicle disable

• Low power & Tow Detection notification

• Patented Geo-fence technology

How does the PassTime product offering differ from other providers?

PassTime offers the most reliable solutions on the market. From the company to the devices to the 24/7 support, customers can count on PassTime for reliability. PassTime’s GPS tracking products which can be used for improving a lender’s repossession and reconditioning efforts can also be used as anti-theft and theft recovery tools. Combining GPS with PassTime’s unique automated collection technology gives customers a reliable and comprehensive solution they know will work when they need it.

Who are your target markets, how do you deliver your products to them and what message would you like to give them?

PassTime’s target markets include car dealers who finance their own loans (Buy Here, Pay Here), as well as finance companies who focus on below prime lending. PassTime also sells anti-theft or theft recovery solutions to dealers for resale to customers. PassTime has advanced software systems that allow customers to transfer ownership of PassTime accounts between dealers and finance companies as the ownership of the portfolio changes. PassTime owns and operates its own fulfillment center for distribution nationwide.

The message PassTime conveys is that we have the most compressive, reliable and flexible suite of products on the market. Whatever the customer’s business model is and whatever goals they wish to achieve, PassTime can provide a reliable solution to fit their needs.

Looking back over the past five years, how has the industry changed and how do you see it changing in the future?

Primary changes over the past five years have been the improvements in GPS technology as well as the overall cost compression of that technology. The technology that was once quite expensive is now widely used in various applicable at an affordable price. Being able to provide this powerful technology at an affordable price has opened up the market and allowed PassTime to gain exposure in the mainstream.

The future of the industry will be impacted in various ways. Enhancements in technology will allow providers to offer additional services and capabilities not available today. As devices gain popularity and are more widely adopted across the vehicle finance industry, additional focus will be placed on the industry from a regulator perspective.

What technology or services do you believe will drive PassTime's future success?

The future success of technology is going to be staying abreast to the continued evolution of GPS technology. PassTime has an innovative team that evaluates the current and future use of rising applications for GPS technology and how it best fits for their customers. Their team also evaluates new vehicles in the market to ensure that the devices will operate in new technology advanced vehicles years from now.

Services that will drive success- reliability, customer service and innovative products.