(Part 1 of a 2 part series)
License Plate Recognition Technology (LPR) came into being in the repossession industry in 2009. We started using this technology ourselves in 2010. Since then we’ve learned a lot and are seeing more and more companies coming into being trying to leverage this technology. What I want to do in this two-part series is explain how this technology works in the hopes of enabling you, the collector and lender, to better understand and use this technology.
Read More!
More Stories
Lien Stripping: Mechanic’s Lien Loopholes and the Ticking Time Bomb
The Fraud Factory
The Great Delay Reaches the Courthouse
The Auto Finance Paradox
Closing the 30-Day Blind Spot: How Lenders Can Shut Down Auto Loan Bust-Out Fraud
Editorial: TCPA – The Law Technology Left Behind