SekurPay Flex


	The Sekurpay™ system is a flexible, legal payment protection solution that uses microprocessor based technology to turn credit challenged prospects into paying customers. SekurPay™ reminds the vehicle operator when payments are due or it will disable the vehicle if the loan or rental/leasing payments are not made on time.
The Sekurpay™ microprocessor and Keypad system is a visible reminder to the user that they are in good standing or whether they need to make a payment.
If the customer is current with their payments a LED will flash green to confirm payments are up to date.

The SekurPay™ system is a patented legal electronic starter interrupt unit that motivates high-credit-risk customers to pay in a timely manner. It solves the finance dilemma by making it possible for a car buyer to purchase and finance a vehicle.

SekurPay™ shifts the burden of collecting car loans from the lender to the borrower because it changes payment behavior.

SekurPay™ can increase cash flow 29-38%. SekurPay™ system is compliant with all state and provincial consumer protection laws. It’s tamper-proof.

According to CNW Marketing Research, which conducted a 6-year study, customers with SekurPay™ are current with their installment payments 97.22% of the time, compared to those customers without the system who are current only 72.79% of the time. Delinquencies dropped from 27.21% to 2.27% and repossessions fell from 15% to 2.10%.

Increased Sales: More Customers can qualify for finance, Rental and Leasing Programmes because of Finance company know has payment Protection

High Customer Satisfaction: The Sekurpay™ system will aloow more car buyers to re-establish thier credit history and qualify for lower interest loans. Sekurpay™ began and leads in providing proper documentation for the finance, rental and leasing companies.

Changes Credit Behavior: 95-98% of customers with Sekurpay™ in their car make their payments in a timely manner. Sekurpay™ in not simply a device, its a COMPLETE SYSTEM that changes payment behavior.

Safety: SekurPay™ is the only Payment protection system that has been tested in the US Courts and ruled "the Consumers are safe with the SekurPay™ Flex Device".

Thus in cases where a client whishes to pay half of the scheduled installment it is possible to release a code which would enable the vehicle for half of the payment cycle.

	SekurPay™ has no Distance or Physical Limitation because it does not require communication with the vehicle
	SekurPay™ has no privacy issues for the customer as it does not track thier movements
	SekurPay™ has no moving parts to malfunction and has no effects on the electronic computer module or Factory Warranty of vehicles.
	SekurPay™ will only render the vehicle inoperable if the car is stationary and turned off. it cannot disable a vehicle while the engine is running, this fact together with the emergency code function, makes using SekurPay™ completely safe for the driver
	Sekurpay^™ ensures payment periods remains as stated in the installment sales contract because it has a clock and a back up battery
	Sekurpay^™ is a Proven payment protection solution that is securitizing assests to the value of 1,2 Billion USD, The system is ISO Certified( 9001:2000)
	Sekurpay^™ is the only Tamper-Resistant payment protection system
	Sekurpay^™ is user friendly and does not require the customer to negotiate with thier ignition each time they start it.

INCREASED SALES, by increasing the size of the consumer market available to finance and automotive retail businesses. REDUCED DELINQUENCY RATES. This system improves customer payment behavior.

Benchmarks without system

Benchmarks with system

Actuals

Category	Current	Delinquent	Repossessions
Benchmarks without system	72.7%	27.3%	15.0%
Benchmarks with system	95.0%	5.0%	4.0%
Actuals	97.3%	2.8%	2.3%

SekurPay Standard Programming:
Following contract creation via the Asset Management Solution application the user can upload all of the pertinent payment code data to the device in readiness for installation into the vehicle. The upload process uses the following information:
	Payment Codes
	Grace Days
	Shut-off time
	Code lengthr
	GMT Offset

The standard approach to the programming of Sekurpay™ devices uploads with the payment codes by connecting the device to the PC that has the latest version of the Device Client installed.

After the Device has been successfully uploaded with the codes, a confirmation window is displayed. The device is now ready to be installed in the vehicle for the duration of the contract.

SekurPay Flexible Programming:

Following contract creation via the Asset Management Solution offers flexibility to those organizations where payments are required to be managed in a less regular manner. This enhancement offers the following key benefits to such organizations in terms of flexible contract management and installation procedures: Asset Management Solution application

	Simplifies the management of contracts
	No “catch up codes” required where previous payments have been missed
	Simplifies pre-installation

Such flexibility allows the company to accept partial payments and release codes for proportionate periods. Thus in cases where a client wishes to pay half of the scheduled installment it is possible to release a code which would enable the vehicle for half of the payment cycle.

The flexibility makes it possible to change a number of contract parameters without reprogramming the device. It also facilitates the extension of an existing contract or creation of a sub contract without reprogramming the device, thus eliminating the need for additional codes. This facilitates changes to the following without reprogramming:

	Number of installments
	Installment date Amount of Installment
	Payment Codes

Cash Flow Generator