CallPass Tech is changing the vehicle finance industry with AT&T LTE-M network technology. The company will be the first location-based services provider to use AT&T’s LTE-M network which is built for the Internet of Things (IoT), to track or find financed or leased vehicles.
The growth of machine-to-machine (M2M) has transformed GPS vehicle tracking capabilities. But current network technology can be a challenge for new IoT solutions. No GPS tracking solutions provider in the vehicle finance space today delivers solutions on a dedicated spectrum for IoT. As vehicles and GPS devices and applications become smarter, so must connectivity.
CallPass Tech is closing this gap. Financial companies and car dealers can now use CallPass Tech’s award-winning iGotcha GPS Platform on the AT&T LTE-M network. Users can 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.
LTE-M is a Low-Power Wide-Area (LPWA) technology deployed by AT&T across the U.S. to support the IoT device growth. LTE-M has many advantages over traditional IoT connectivity. In addition to better coverage in hard-to-reach areas, users can expect a highly secure network. LTE-M also reduces module sizes and boosts battery life for IoT devices. All of this comes at a lower cost than standard LTE.
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 of 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. So financial companies and car dealers have complete protection around the clock.
“We can’t overstate the value of GPS tracking technology across the vehicle finance industry,” said Jason Ashton, president of 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.”
“With our LTE-M network, we can reach more places and connect more things than ever before,” said Chris Penrose, president, IoT Solutions, AT&T. “CallPass is a prime example of how this technology can bring new innovation and help overcome challenges for companies across nearly every industry.”
CallPass Tech serves more than 4,800 finance companies and car dealers. The company supports more than 600,000 connected devices and growing. The benefits of GPS tracking in vehicle finance are clear. With LTE-M, the possibilities are endless.