12/15/2016 - NHTSA has issued an update to the Takata air bag recall issue. Some Honda vehicles are now considered to be at a “far higher risk” of suffering air bag ruptures. For consumers and for dealers holding Takata air bag recalled vehicles, NHTSA provides certain guidance.
03/14/2017 - PlatePay is the Oklahoma Turnpike Authority’s next step towards cashless tolling at selected toll plazas on the turnpike system. Electronic tolling replaces the cash collection method at the toll plaza. As a vehicle passes through a PlatePay toll plaza, cameras take a photo of the vehicle license plate. An invoice is then mailed to the owner of the vehicle based on the state’s vehicle registration information. Dealer’s could be inadvertently invoiced for tolling if a vehicle’s purchaser has not udpated the registration.
06/09/2016 - PassTime, a leading provider of GPS and Payment Assurance Technology solutions, and Verifacto, a leading cloud-powered risk management system for independent car dealers, BHPH and auto finance companies, announed the companies have completed a software integration project.
03/02/2016 - PassTime, a leading provider of GPS and Payment Assurance Technology solutions, is pleased to announce that the United States Patent and Trademark Office invalidated the entirety of a patent owned by LunarEye and which was the subject of a patent lawsuit claiming infringement by certain PassTime products.
10/02/2015 - PassTime announced toay that TRAX 4 - the fourth version of its popular GPS tracking system - has been released. TRAX 4 boasts an all new design and a smaller form factor. TRAX was first introduced in late 2010 as an easy to use GPS tracking solution. Now in its fourth version, the platform continues to be a widely successful piece of PassTime’s product offering.
08/13/2015 - Inc. Magazine placed PassTime on its 34th annual Inc. 5000, an exclusive ranking of the nation’s fastest growing private companies. The list represents the most comprehensive look at the most important segment of the economy - America’s independent entreprreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.
02/25/2014 - General Motors is expanding the recall of certain 2003-2007 model year vehicles to correct a condition with the ignition switch that may allow the key to unintentionally move or switch to the “accessory” or “off” position, turning off the engine and most of the electrical components on the vehicle. With the ignition switch in the “accessory” or “off” position, the airbags will not deploy in the event of an accident.
01/13/2014 - A joint complaint between the US Dept. Of Justice and the State of North Carolina alleges dealerships in Charlotte, NC, targeted African-American customers for unfair and predatory credit practices that violated Federal and State law. Intentional targeting of minority groups for excessive pricing tactics and failure to disclose the installation of GPS tracking devices are included in the allegations.
01/31/2014 - Executives plead guilty for their participation in a global conspiracy to fix prices of ignition coils installed in cars sold in the United States and elsewhere, according to the Department of Justice.
01/16/2014 - Company has agreed to plead guilty of price fixing and will pay a total of $56.6 million in criminal fines to resolve a two-count felony charge resulting from a joint U.S. Dept of Justice and FBI investigation.
North Carolina Man Sentenced on Odometer Tampering Charges (DOJ Press Release)
12/20/2013 - Francis Marimo was sentenced to serve 18 months in prison and one year of supervised release in connection with an odometer tampering scheme. Marimo was also ordered to pay $190,845 in restitution.