ST. LOUIS, Nov. 7, 2011 /PRNewswire/ -- Ristken Software Services, a leading provider of software based productivity and eBusiness tools for the retail automotive market, announced today that Payment Systems Group, Inc. of St. Louis, MO has acquired their Equity Driver biweekly auto payment services division. Ristken divested itself of this program to focus on the rapid growth of their core businesses. Patrick DeMarco, President of Ristken stated, "We are pleased to know that our customers, dealerships, and agents will be handled by the leading firm in Biweekly Payment Services and loan acceleration payment technology."
Payment Systems Group, Inc. (PSG) has assigned the retail activities for ongoing sales to Accelerate My Payoff. Grant Szalay, President of PSG, stated, "We'll be bringing the most reliable and state-of-the-art payment technologies to former Equity Driver dealerships over the next few weeks. Accelerate My Payoff has more than 20 years of sales and marketing in the automotive industry. Working together, we can quickly penetrate new market areas and provide additional benefits to both dealerships and customers."
Loan holders, agents, and dealerships will be able to leverage Payment Systems Group's advanced payment technologies. PSG allows dealerships to perform enrollments 100% online and view real-time key performance indicators through their web portal.
The Biweekly Auto Loan Payment Service benefits customers by paying off an average loan 5-6 months early and saving interest expense. There is a financial benefit to the auto dealers in the form of a sales commission allowing the F&I Manager to better position the sale of other products and services.
About Ristken Software Services
Ristken is a technology services provider delivering enterprise level solutions to the retail automotive market for over a decade. Ristken's solutions focus on increasing the productivity and profitability of dealership finance and sales departments as well as the OEM's, service providers, and general agents that serve them. Visit www.ristken.com.
About Payment Systems Group, Inc.
Payment Systems Group, Inc. has been the industry leader in Biweekly Payment Services since 2000. PSG has processed billions of dollars of payments for auto, mortgage, student loan, and residential rent payments. Visit www.paymentsystemsgroup.com.
SOURCE Payment Systems Group, Inc.