Payment Protection Systems Merges with Sekurus

TEMECULA, Calif. — Payment Protection Systems, which manufacturers On Time, announced it has merged with Sekurus, whose products and solutions are used to secure and manage subprime auto loan portfolios of buy-here, pay-here dealers and financial institutions. Sekurus specializes in providing asset... Read More

MAFS Names New Vice President

ATLANTA — Manheim recently named Jeff Bunch as vice president of sales and operations for Manheim Automotive Financial Services. In his new role, Bunch is responsible for overseeing national sales efforts for all MAFS products, field operations at all operating locations and the independent auction... Read More

AWG Remarketing Launches SubPrime Pro in V3 System

IRVINE, Calif. -- AWG Remarketing (www.awgremarketing.com  and www.bidiax.com) recently launched SubPrime Pro in its V3 used car inventory optimization system. Brad Greenwald, chief executive officer of AWG, said V3 is a system that allows dealers to manage all aspects of their business, including inventory, sales,... Read More

NASHVILLE, Tenn. -- CheckVelocity recently began partnering with auto finance companies, including buy-here, pay-here dealerships, to facilitate collection procedures. CheckVelocity said it has several programs, including VerifyNow, PayNow and RecoveryNow, which were created to verify a payment is valid once it is given... Read More

McLEAN, Va. -- Capital One Auto Finance's involvement in the auto lender market has expanded throughout the years since the company first entered the business in 1998 with the purchase of subprime lender Summit Acceptance Corp. Not long after first entering the market, Capital One expanded the spectrum it finances... Read More

ADI Introduces Online Classes

SCOTTSDALE, Ariz. — The Automotive Dealers Institute announced it is expanding its traditional classroom to include an online program, which is designed to meet the needs of busy dealership professionals. After two years in development, the program now gives students the option to complete the entire... Read More

Chase Auto Finance Opens New Subprime Center

PASADENA, Calif. -- Chase Auto Finance recently announced it has opened a new Custom Finance Business Center to meet the subprime financing needs of Los Angeles area dealers. Throughout California, Chase provides a full spectrum of services to dealers through its Prime Business Center in San Diego and its Subprime... Read More

BATON ROUGE, La., and FARMINGTON HILLS, Mich. -- While AppOne started discussions with RouteOne about 90 days ago, AppOne's chief executive officer said a deal was only broached seriously about three weeks ago. Independent dealers will benefit from the partnership in several ways, according to AppOne's... Read More