American Recovery Service and Digital Recognition Network Deliver LPR Technology For Automotive Repossessions Through Advanced Servicing Model
El Dorado Hills, California (PRWEB) January 15, 2010
American Recovery Service/Skip Busters (“ARS/SB”) and Digital Recognition Network, Inc. (“DRN”) have developed the strongest partnership of License Plate Recognition (“LPR”) technology and a national automotive repossession servicing model in North America.
Combining DRN’s best-of-breed LPR camera solution (“LPR2.0”) and agent Affiliate network along with ARS/SB’s industry leading servicing model and newly developed LPR Accounts Staging Database, the partnership has rolled out this solution to 15 of ARS/SB’s largest national lenders. In the initial startup period, ARS/SB loaded 30,000 “charge-off” skip accounts in the DRN system and recovered approximately 1,000 vehicles for its clients – these recoveries are increasing on a daily basis. Between the real-time camera hits, known as LPR2.0 events, and the historical plate hits based on DRN’s extensive database consisting of millions of license plate captures over the last year, ARS/SB quickly secures hard-to-find assets for clients.
“We felt the time to engage with this disruptive technology was upon us and we wanted to pave the way for an integrated nationwide solution for our clients and agents,” reports Peter Willingham, CEO of ARS/SB. “After surveying the current technology offerings on the market we found DRN to be the clear leader with their systems design and approach to the agent Affiliate network. We are embracing their agent network and advocating to our network of 500+ independent repossession agents to join the DRN Affiliate network.”
ARS/SB and DRN’s technology and operations teams worked closely to implement a unique LPR Accounts Staging Database. This database enables clients to seamlessly supply ARS/SB accounts for LPR management and gain the full benefits of the LPR technology without any involvement in the challenges or details – following the servicing model and benefits they seek from a national repossession firm. ARS/SB provides 24×7 servicing and management staff to facilitate all aspects of the LPR-driven recovery.
“ARS/SB demonstrated a serious commitment to our technology and agent network; the rollouts of our combined solution to their largest clients were executed at a pace that really impressed us. They are leaders in this industry and we look forward to long-term success with them,” said Cort DeHart, President of DRN.
American Recovery Service/Skip Busters (www.PKWillis.com) is the original nationwide repossession and skip tracing firm and the industry leader with its servicing model.
Digital Recognition Network (www.digitalrecognition.net) combines proprietary license plate recognition (LPR) technology, a national network of DRNAffiliates™ operating over 1,000 mobile LPR Cameras across the country.
Media Contacts:
American Recovery Service/Skip Busters
Contact: Jon Foster
800.398.6480 Ext 525
Digital Recognition Network, Inc
Contact: Whitney Neve
817.522.4246
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