SARASOTA, FL – June 12, 2012 – Constellation Automotive Software (constellationauto.com) announced today it has entered into a joint marketing agreement with Sure Pay LLC (surepayments.com), developers of the Platinum Preferred Card (platinumpreferredcard.com). The Platinum Preferred Card is a payroll-loaded debit card specifically designed to help the nation’s unbanked and underbanked Buy Here Pay Here (BHPH) customers.
“Over 50% of the payments made at a BHPH dealership are in cash”, said Al Mosher, General Manager at Constellation Automotive Software. “Many of these customers do not have a bank account or access to a credit or traditional debit card. The Platinum Preferred Card allows them to make payments in person, by phone or by ACH debit; saving both the dealer and customer time and money,” he continued. “Many of our dealers have had great success with electronic payments and this alliance allows them to expand that to even more customers who previously could not participate.”
David Gershuny, at Sure Pay, added, “We designed this card specifically for the growing number of working Americans who do not qualify for a bank account or are currently underbanked. We believe the Buy Here Pay Here industry is a particularly attractive market for this product. Customers in this market have been underserved by the banking industry and we are pleased to make the Platinum Preferred Card available to them. Constellation’s network of BHPH software dealers are a perfect fit for distributing our card. We know from experience that use of our card can help those dealers reduce delinquency, eliminate cash handling and improve collections by making it easier for their customers to pay.”
Gershuny continued “under our program the customer can save up to $120.00 per month in check cashing fees. This is literally a WIN-WIN situation that benefits both the dealer and the customer.”
“We think this partnership goes hand-in-hand with our software’s integrated credit and debit card processing and our online payment portal, MyCarPmt.com. These products have been popular with both our dealers and their customers and this gives our dealers the opportunity for even more of their customers to take advantage of these products,” Mosher concluded.
More information can be obtained by visiting either company’s website or by contacting Constellation at 800-654-4955 or Sure Pay at 513-297-4091.
About Constellation Automotive Software
Constellation Auto is a leading provider of software to independent automotive dealerships. Their products are flexible enough to meet the needs of any single or multi-lot dealership. Constellation Automotive Software is a part of the Constellation Dealership Software Group which provides a suite of market leading Software products designed specifically for dealerships. Over 1,500 dealerships across North America rely on one their products to make their dealership more successful. They are a wholly-owned subsidiary of Constellation Software Inc., the premier international provider of vertical market software, with offices and customers in over 30 countries, generating consolidated revenues in excess of US $600 million. Publicly traded and comprised of over 14,000 customers, CSI has a mission to acquire, manage and build an exceptional and diverse portfolio of companies, selling software products to help customers achieve their goals and objectives. For more information, visit www.constellationauto.com
About Sure Pay, LLC (www.surepayments.com)
Sure Pay LLC provides Pay-Day payment solutions to BHPH dealers for their unbanked & “underbanked” customers – improving collections and reducing delinquencies- AT NO COST TO THE DEALER. Developed by Buy-Here Pay-Here professionals, the Sure Pay program, utilizing our Platinum Preferred Card is designed to ease the financial pain of both the dealer and the customer. Most importantly, the cost savings to dealers are enormous!
The Platinum Preferred Prepaid Visa® Card is designed to meet the needs of the BHPH customer, providing “BANKING SOLUTIONS” and bringing “BANKING SERVICES” to the unbanked and underbanked. The Platinum Preferred Card can be used anywhere Visa® debit cards are accepted and at ATM’s where PLUS®, STAR®, and NYCE® marks are shown.
The Platinum Preferred Card is a prepaid Visa® Card issued by First California Bank pursuant to a license from Visa® USA Inc.
First California Bank is a member of the Federal Deposit Insurance Corporation (“FDIC”) and all cardholder funds are insured by the FDIC in accordance with the FDIC’s applicable terms and conditions.