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There are currently more than 1,200,000 SekurPay devices being used by car dealerships throughout world wide assuring payment on more than $2.6 billion of auto loans. As a result, financial institutes and auto dealers have reported significant decreases in late payments and repossessions. In many instances, delinquency and repossession rates have dramatically dropped to levels lower than three percent, as compared to previous American industry averages that range between 20-30 percent.
Notes and Media Contacts
About Sekurus Internaional was founded by a senior management team with Information Technology ,automotive and lending
experience to develop and bring new technologies to the lending market.
After two years of proprietary research to develop a product for use in the finance industry and building a unique
and strategic partnership with one of the world's leading microprocessor Manufactures offering advanced asset
and operations management tools for pro-active Finance resolution history in order to prevent collection
problems, improve cash flow and asset protection.
The SekurPay System, the first patented software driven high-tech product developed specifically for the highrisk
credit community with out the use Starlight or a Wireless links.
For more information, please visit www.sekurusinternational.com |
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In a move that helps to address one of
the biggest problems facing all auto
dealers and finance companies,
Dubai- based Sekurus International LLC),
announced today that it's renowned
SekurPay device is now available to
financial institutions throughout the
UAE.
The SekurPay payment Protection solution is used extensively throughout the United States,
Canada, Mexico, New Zealand, United Kingdom,Cyprus,Pakistan,GCC by lending institutions that provide
automobile financing to individuals who have no credit history or sub-prime and/or are high
credit risks. Installed under a car's dashboard, SekurPay is an electronic unit that tracks payments
and prevents a vehicle from starting if a customer's scheduled payment is not made SekurPay.
"We are in the process of expanding our international distribution network as more
and more financial institutions around the globe realize the bottom- line benefits
of the SekurPay system as a credit enhancement tool,"
said Basel Al Salah, CEO of Sekurus International LLC. the founders of the SekurPay System.
"This latest move represents an exciting new opportunity for us, and we look forward to providing our system to organizations throughout the UAE and the Middle East where we have based our solution development and international distribution head quarters out of Dubai.'
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