PASSTIME AND MEGASYS ANNOUNCE INTEGRATION PARTNERSHIP

LITTLETON, Colorado—May 16, 2018—PassTime®, a leading provider of GPS Solutions and Megasys, a leading provider of complete loan servicing systems for the consumer finance industry announced today the companies have completed a software integration project.

With the new integration project complete, customers will be able manage their PassTime GPS products using the Megasys *Omega Originations & Servicing System*. This will streamline the process of setting up new accounts and performing many of the PassTime system functions from one system.

“We are proud to add Megasys to our growing list of integrated DMS partners. They are certainly one of the best in the industry,” said PassTime President and COO Chris Macheca.

Buy-Here-Pay-Here dealers and finance company customers use PassTime’s GPS solutions to protect their assets, enhance collection processes and reduce delinquencies and repossessions. PassTime, which has been in business for over twenty five years, prides itself on providing high-quality and reliable products to the vehicle financing industry along with unmatched 24/7 live customer care for its customers and consumers.

Clients will be able to manage an asset directly within the Megasys Originations and Servicing systems. The seamless real-time integration allows customers to perform several PassTime functions including location, enable/disable and notification services.

“We are excited to partner with such a reputable company in the industry,” said Theo Austin, President & CEO of Megasys.” The integration with PassTime was developed to support customer demand for Megasys clients that have been utilizing their services.

The companies mentioned that the integration is complete and is commercial available.

For more information please contact PassTime at 877-727-7846 or info@passtimegps.com

About PassTime

PassTime GPS has been in business for more than 25 years in the global transportation industry. Its wireless GPS telematics products are available for multiple sectors of the automotive industry including auto dealers, auto finance companies, auto leasing companies, insurance companies and fleet transportation providers. Its products are available in the USA, Canada, Europe, Latin America, Asia Pacific and the Middle East. The company designs, engineers, manufactures and distributes its own products and has more than 25 patents protecting its technology.

About Megasys

Megasys is the leader in complete loan servicing systems for the consumer finance industry for over 35 years. Megasys provides customizable software platforms for finance companies of every size, from startup businesses to major corporations. Their clients service 2 million active accounts and have processed over 1 million applications, with $8 billion in transactions. Omega is a user–friendly browser–based solution that streamlines account servicing operations. Their total solution includes loan origination, loan servicing, collections, reporting, and document storage. Omega includes integrated and intuitive General Ledger and Accounts Payable systems with drill–down capability, making Omega the most complete package available for a consumer finance company.

MEGASYS PARTNERSHIP WITH DEALERTRACK EXPANDS TO INCLUDE LOS INTEGRATION

Megasys Partnership with Dealertrack expands to include LOS integration for faster loan decisions with auto dealers in addition to expedited Auto Title Management

ORANGE, Calif.—April 25, 2018 – Megasys, Inc., the leading provider of complete loan servicing systems for the consumer finance industry, announced today a new facet of their integral partnership with Dealertrack. The latest partnership integration quickens the indirect loan decisioning process with dealers utilizing Dealertrack’s industry-leading Credit Application Network solution.

Megasys already relied on Dealertrack to manage the Electronic Lien & Title (ELT) process for their lenders, where state mandates require both dealers and lenders adopt a fully digital titling solution between them and their governing DMV office. Megasys chose Dealertrack as their preferred ELT provider because of the ease of integration along with perfecting capabilities that speed the entire application-to-title process and lien/title management that helps mitigate fraud risk.

Now with the same ease of integration for the F&I portion of Lenders’ auto lending processes, the Omega Loan Origination System has improved service for their subprime automotive lenders by automating the credit application delivery and decision process to provide real-time approvals, declines and counter-offers back to dealers.

“The vast majority of dealers in the subprime finance industry use Dealertrack’s Credit Application Network,” said Theo Austin, President of Megasys, Inc. “We are excited to expand our partnership with such a trusted industry leader. This Dealertrack integration supports our growing customer demand to provide seamless integration to streamline the credit application process.”

“By integrating with Megasys’ Omega LOS, Dealertrack’s network of lenders can receive credit applications from their dealers in real time and return automated decisions – cutting down time consumers must spend in the F&I office,” said Cheryl Miller, Vice President & General Manager of F&I Solutions at Dealertrack, a Cox Automotive brand. “This drastically improves satisfaction with the entire buying process.”

For more information about Dealertrack, visit www.Dealertrack.com.

About Megasys

Megasys is the leader in complete loan servicing systems for the consumer finance industry for over 35 years. Megasys provides customizable software platforms for finance companies of every size, from startup businesses to major corporations. Their clients service 2 million active accounts and have processed over 1 million applications, with $8 billion in transactions. Omega is a user–friendly, browser–based solution that streamlines account servicing operations through loan origination, loan servicing, collections, reporting, and document storage. Omega includes integrated and intuitive General Ledger and Accounts Payable systems with drill down capability, making Omega the most complete package available for a consumer finance company. For more information please visit www.megasys.net .

About Dealertrack
Dealertrack is the leading provider of digital solutions to the automotive retail industry. Whether you’re a dealer, a lender, a manufacturer, or a state agency, our integrated and intuitive approach to products and services makes your workflows more efficient, transparent, and profitable. From our pioneering Digital Retailing tools—bridging the gap between the online and in-store experience—to our lender network (the largest in North America), Dealertrack is the only company helping enable the transformation of auto retailing. Dealertrack is a part of Cox Automotive. For more information please visit www.coxautoinc.com.

Official Release Article: http://www.prweb.com/releases/2018/04/prweb15438834.htm

MEGASYS TEAMS UP WITH PAYMENTUS TO DELIVER INTEGRATED PAYMENT SOLUTIONS

Megasys has partnered with Paymentus, an established leader in payment solutions.

The partnership will provide Megasys FA System clients with quick and efficient access to payment processing across a wide range of payment options throughout the United States and Canada. Megasys and Paymentus integrated services for FA clients include sending an automated daily customer information file, pulling payment files, and mass posting of payments to their accounts.
Paymentus payment options include:

ACH recurring and one-time payment processing for checking, savings, debit and credit card transactions
Online Pay
IVR / Automated Phone Payments
Get the Paymentus Advantage:

Delivers quality and cost-effective services that require minimal business resources
Real-time data with simplified reconciliation for all payment channels and payment types.
PCI compliant to ensure security, consistency and predictability
No Megasys setup or recurring fees for new subscribers! *
* A separate agreement is required with Paymentus and your fees will be paid directly to them.