A STOLEN CAR SUSPECT LED POLICE ON A DANGEROUS CHASE
SHERMAN OAKS, Calif. (KABC) — A stolen car suspect led police on a dangerous chase through the San Fernando Valley that ended in Sherman Oaks on Monday. The pursuit started in the North Hollywood area just after 10 a.m. before continuing into Van Nuys and concluding in Sherman Oaks. AIR7 HD was over the chase
PAYMENT PROTECTION SYSTEMS, SEKURUS MERGE
New and used automotive retailers and financial institutions will be able to get a broader product offering and enhanced services as a result of a recent merger between Payment Protection Systems, Inc. and Sekurus, Inc Payment Protection Systems, the manufacturer of ON TIME, the starter-interrupt system and Sekurus, a products and solutions provider of systems
IN US, ELECTRONIC REPO DEVICE STALLS CARS OF LATE PAYERS
California-based Sekurus has equipped a quarter of a million cars with its “On Time” automatic repossession device, which flashes colored warning lights to the driver of a car bought on tick as loan payment day approaches.”The light is green when you’re good; when your payment is due it turns yellow,” explained Mike Simon, chief executive
SHUT-OFF DEVICE MONITORS BUYERS WITH BAD CREDIT
Sekurus Inc., which makes On Time, says dealers who use the device cut their repossession rate for used cars and trucks bought with subprime loans to about 3 percent. For comparable vehicles that lack starter-interrupt systems, Sekurus says, as many as 25 percent are repossessed.
SEKURUS ONTIME: FIRM TRYING TO DETERMINE IF IT CAN REMAIN VIABLE
Sekurus OnTime markets a proprietary code-based, starter-interrupt device used by buy here-pay here dealers and many subprime finance companies in getting timely payments from their customers. OnTime also marketed a product, iLocate, which offered its customers a GPS location system in addition to the starter-interrupt product. The iLocate product used wholesale services from PROCON, Inc.
REMOVE THE LABELS – GADGETS AND LIFE
A company called Sekurus has developed a device called the On Time which will actually force a new car owner to make their scheduled payments or face the risk of the vehicle not starting. The devices run about $250 and are typically installed by car dealerships or finance companies who cater to buyers who don’t
COMPANY OVERVIEW OF SEKURUS, INC.
Sekurus, Inc., a capital asset protection, tracking, and management company, designs, develops, manufactures, markets, and licenses systems and solutions to secure and manage the sub-prime auto loan portfolios of buy-here-pay-here auto dealerships and financial institutions in North America and internationally. It offers products and systems in wireless and on-board technologies for payment and collection industries.
ABOUT ON TIME
Sekurus has state of the art electronics manufacturing facilities in Temecua, California that produce the OnTime units plus many other asset protection devices. The devices are put through rigorous test regimes before they are passed for general sale.Sekurus designs and manufactures their products from conception to completion. The company has a reputation for excellence and
PAYMENT PROTECTION SYSTEMS MERGES WITH SEKURUS
Sekurus’ proprietary products and solutions are used to secure and manage the sub-prime auto loan portfolios of both buy-here-pay-here auto dealerships and financial institutions throughout the world. It is an international leader in providing asset protection, tracking and overall payment management. Sekurus, Inc. will be the name of the new company, while Mike Simon, president
NO-LOAN-PAYMENT, NO-CAR-START SYSTEM INTEGRATED IN DMS
Sekurus, Inc. says On Time, its vehicle starter-interrupt system that ensures timely collection of customer car payments, can now operate as part of Micro 21 dealer-management system software. The firm says the DMS integration enables both Sekurus and Micro 21 to better serve the needs of buy-here-pay-here car dealerships nationwide. As a result of the