(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
Unsustainable Now: The Fuel Cost Surge Threatening the Survival of Repo Agents
The Tale of the LPR Network
Fuel Crisis in Repossession: The Numbers Don’t Lie
When Information Becomes Influence
Lenders: A Repossession is a Repossession – Ignore This at Your Own Peril
Agent Advisory Boards: Valuable Dialogue, But Where’s the Structural Shift?