For the third time already this year, PassTime is integrating with another technology provider to help buy-here, pay-here dealerships and subprime auto finance companies.
This week, PassTime and BlytzPay announced an integration partnership. PassTime — a solutions company that provides automotive GPS devices — and BlytzPay — a mobile, text payment solution than can allow customers to communicate and pay via text — will be able to offer integrated solutions to dealers and finance companies.
With integrated functionality, BlytzPay’s technology can target what officials said is an ideal industry for adoption. PassTime indicated its customers will be able to provide early warning notifications to mitigate delinquent payments and keep vehicles on the road.
“We are very excited about partnering with BlytzPay. The technology is innovative and will be a complementary add for our auto dealers and finance company customers as a valuable communication and payment tool,” PassTime president and chief operating Chris Macheca said.
“The ability to expedite payments, and with a timely cash option, allow our customers to offer a billing service consumers can utilize anytime, anywhere,” Macheca continued.
BlytzPay explained that it can provide a financial solution for customers to maintain current installment contracts with payment methods that are convenient to them. BlytPay can provide its users convenience without driving back to the dealership, finding an ATM, paying high fees at a cash loan store, or loading a pre-paid debit card, all of which the company believes are common hurdles within the auto financing industry.
With multiple ways to pay, including a cash option, which is an accommodation that benefits both dealer and driver, BlytzPay chief executive officer Robyn Burkinshaw highlighted that customers are able to avoid delinquency and keep vehicles on the road.
“From BlytzPay’s inception, we knew the advantages, convenience, and serviceability of our technology would transform payments, particularly within the auto industry. We have seen the difference a mobile point of sale solution makes in the hands of dealers trying to collect from often hard to reach customers in a timely way,” Burkinshaw said.
“The PassTime/BlytzPay partnership is a significant step toward creating efficiencies, connection, and inclusion for dealers and their customers,” she went on to say.
Burkinshaw added the BlytzPay integration with PassTime can allow dealers and finance companies to include payment versatility to consumers in conjunction with the use of PassTime’s GPS and automated collection technologies. She also mentioned the integration also could tap into dealer management systems to provide customers even more options in managing payments, inventory and their GPS devices.
The alignment with BlytzPay arrived after PassTime also landed relationships with AFS Dealers as well as Solutions by Text (SBT) last month.