Cinterion Wireless Teams With PassTime USA For Innovative M2M For Auto Payment Assurance Solution

July 30, 2009

The Cinterion-powered PassTime Elite II is an easy-to-install, compact device for GPS tracking and data communications between a vehicle and a lender and/or car dealer that decreases the risk of loan default and loss of property by providing timed payment alerts and starter interrupt services. Exact GPS location information enables asset retrieval if vehicles are stolen or abandoned. The device provides both lenders and consumers a flexible and cost effective tool to help make payments on time, improve consumer credit ratings, and secure below subprime as well as prime auto loans. With the device mounted under the dash, consumers have greater flexibility in selecting auto financing and are sometimes able to secure lower interest rate loans. Download PDF.