CallPass Tech has set out to disrupt the vehicle finance industry with AT&T LTE-M network technology, according to a recent announcement. The company said it will be the first location-based services provider to use the AT&T LTE-M IoT network to track or find financed or leased vehicles.
Financial companies and car dealers can now use CallPass Tech’s iGotcha GPS Platform on the AT&T LTE-M network. The company said that users can now more securely and efficiently track, find and manage financed or leased vehicles on the road and in challenging areas such as parking garages. This results in less risk and better theft protection for owners, dealers and financial companies involved in leasing vehicles.
Arriba Motors uses CallPass Tech solutions to lease vehicles in the Houston area. “It would be a nightmare if we couldn’t track our cars,” said Santy Arnesen, owner, Arriba Motors in Porter, Texas. “Our customers are middle-class workers who save every penny they have to purchase a car from us. It would be devastating for our customers if their vehicle was stolen. That’s why we chose GPS tracking to protect them – and protect us.”
CallPass Tech’s vehicle tracking units and devices are small and portable. The units monitor and report their exact location when fitted to any item on the move. CallPass Tech helps you manage these assets online from anywhere and on any device with internet access.
“We can’t overstate the value of GPS tracking technology across the vehicle finance industry,” said Jason Ashton, president, CallPass Tech and CallPass M2M Solutions. “There’s such an inherent risk in the industry. And there’s limited protection through insurance against losing collateral to theft or lack of payment. We know it doesn’t have to be like this. Working with AT&T to bring the latest, most intelligent network built for IoT is a natural next step and gives our customers the confidence they need to run their business.”
CallPass Tech serves more than 4,800 finance companies and car dealers. The company supports more than 600,000 connected devices and growing.
Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.
Edited by Ken Briodagh