MSIADA Partners Update: PassTime® and PayNearMe Enhance Partnership with Integrated Text Payments

LITTLETON, Colorado—March 25, 2025—PassTime®, a leading provider of asset tracking solutions announced
today that it has expanded its integrated solutions with PayNearMe, the fintech company bringing progress to
payments. The upgraded integration for customers in the auto finance industry will incorporate text payment
options for consumers.

PassTime and PayNearMe have provided integrated solutions in payment processing and asset tracking since
2020. Building upon that partnership, these enhancements will better serve the companies’ mutual customers
and consumers, focusing on text message communication and payment options to customers utilizing PassTime
asset tracking and automated collection technologies.

PassTime, which has been in business for more than 30 years, provides asset tracking and collection technology
to help auto dealers and auto finance companies connect their vehicles and protect their assets. By helping
mitigate the risk of financing in the subprime auto industry, PassTime solutions help both financers and
consumers.

The upgraded integration between PassTime and PayNearMe leverages a middleware solution developed by
CMOR Solutions that offers flexible customization to the auto dealership or finance company by providing
PayNearMe’s Smart Link™ to consumers, along with PassTime device commands and payment reminders. For
example, if a consumer’s vehicle has been disabled due to non-payment, the integrated solution can send a text
message notification in real time to the consumer with a payment link. Once a payment is made, the vehicle can
be re-enabled, offering a quick and seamless process for consumers.

“We are excited to expand our partnership and integrated services with PayNearMe. Thousands of customers
rely on PassTime solutions to protect their vehicle assets, mitigate risk and improve payment performance. This
enhanced integration with PayNearMe technology will provide even greater payment options for our customers
and consumers alike,” stated Chris Macheca, president and COO at PassTime.

“PayNearMe is excited to enhance our partnership with PassTime by integrating our Smart Link™ technology
into PassTime’s alerts and reminders. This enhancement allows customers to make seamless, just-in-time
payments, helping dealers reduce costly repossessions while improving the overall payment experience.
Together, we’re setting a new standard for efficiency and convenience in the auto finance industry,” said Bruce
Gaskill, Senior Director of Integration Partnerships, PayNearMe.

For more information on the solutions or partnership, please contact PassTime at 877-727-7846 or
info@passtimegps.com, or contact PayNearMe at sales@paynearme.com.