RALEIGH, N.C. -

Repossession and remarketing services provider Consolidated Asset Recovery Systems recently formed a partnership with MVTRAC, a provider of automatic license plate recognition called The Intelligent Data Network.

Officials explained the partnership allows CARS to use this technology to immediately locate vehicles of interest and execute compliant skip-tracing and instant-recoveries through MVTRAC’s ALPR software.

Through this partnership, MVTRAC’s ALPR technology is seamlessly integrated into Consolidated’s electronic repossession and remarketing IBEAM portal.

Placed in both fixed and mobile camera units, MVTRAC’s ALPR can deliver the ability to read vehicle license plates at the fastest and most accurate rate available in the market today, and instantaneously can check them against an exponentially evolving database for rapid vehicle-of-interest verification.

Cameras on trucks and other vehicles can take live pictures of license plates nationwide, and that information will be sent immediately to the cloud, allowing Consolidated’s network of skip-trace teams to hit vehicles immediately and pick up the vehicle.

“We look forward to merging MVTRAC’s ALPR software with our technology,” said Steve Norwood, chief executive officer of Consolidated Asset Recovery Systems.

MVTRAC chief executive officer Scott Jackson said of the partnership, “This integrated approach will allow Consolidated to recover more vehicles at a faster rate than ever before, while allowing our agents and forwarders to pinpoint exactly where the vehicle is in real time. Our goal is to be the concierge to CARS and other forwarders while driving the volume to the agents, and this partnership achieves that goal.”

For more information about Consolidated Asset Recovery Systems, visit www.ez-recovery.com.