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]

NEWPORT BEACH, Calif. — Flex Fund Financial Services, a provider of used-car inventory financing for both new- and used-car dealers, announced it is searching for a new vice president of operations. According to executives, the new position is designed to help ... [Read More]

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 ... [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 ... [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 ... [Read More]

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 ... [Read More]

ATLANTA — Manheim Automotive Financial Services recently announced the addition of a satellite office located on the north side of Jacksonville, Fla. MAFS General Manager Kathy Decker said the new location was launched to extend the company's reach into areas ... [Read More]

LAS VEGAS — Representatives from lenders such as HSBC, Credit Union Direct Lending, Westlake Financial and Tidewater  discussed their business practices and shared tips with dealers on developing lender relationships at Leedom and Associates' 11th Annual National Special Finance and ... [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 ... [Read More]

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 ... [Read More]