(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
Twelve Years, Seventy-Five Dollars
The LPR Arms Race: How Many Cameras Are Enough?
The Cost of Collecting LPR Data Has Gone Up. Why Hasn’t the Pay?
WHEN IS ENOUGH, ENOUGH? A Question Worth Asking Across the Repossession Industry
Three Million Repossessions: A New Measure of America’s Recovery Industry
Why Fight LPR? Join It — But What Happens When the Car Repossesses Itself?