PassTime and PayNearMe now are collaborating so finance companies know more details about where their collateral is located while also providing more options to help contract holders make their monthly payments.

According to a news release, the partnership combines PayNearMe’s modern and reliable payment platform known for making payments easy for businesses and customers with GPS solutions from PassTime to help mutual clients save time and improve the user experience.

The companies explained the software integration will leverage PassTime’s payment reminders and device commands to automatically signal PassTime when a consumer makes a cash payment through one of PayNearMe’s more than 20,000 participating retailers or when a consumer makes mobile electronic payments via debit, credit, ACH or mobile-first payment options, such as Apple Pay.

“PayNearMe is one of the best payment platforms in the industry. Offering a mobile-first approach as well as every way consumers want to pay means our clients get more payments on time and consumers have more choices than ever before,” PassTime president and chief operating officer Chris Macheca said.

“Partnering with technology companies such as PayNearMe that provide our customers value is what it is all about,” Macheca continued.

PayNearMe chief revenue officer Michael Kaplan added, “PassTime is a natural fit for the PayNearMe platform.

“By partnering with a leader in the GPS technology space and integrating our innovative technology platforms, we’re helping our clients increase on-time payments, lower collections costs and incentivize better consumer payment behaviors,” Kaplan went on to say.

For more information about the solutions or partnership, contact PassTime at (877) 727-7846 or info@passtimegps.com, or contact PayNearMe at sales@paynearme.com.