Portland, Oregon, November 15, 2020
Virtual Automated Technologies, Inc. (VAT) announced today its ‘Buy Here, Pay Here’ program for the automotive industry, allowing automobile dealers the ability to provide in-house financing services using Discover® Prepaid Debit Cards.
Michael C. Busher, Chief Executive Officer, stated “The Buy Here, Pay Here program enables car dealers to issue Discover Prepaid Debit Cards to their financed customers. The instant issue Discover® card does not require a credit check, accepts payroll direct deposits, integrates with the SpeedyWallet™ eWallet and can be used anywhere the Discover® logo is displayed”.
The Buy Here, Pay Here program allows merchants to receive monthly scheduled electronic payments from their customers, without any charge backs or NSF checks, thereby giving merchants the security in knowing that when a payment is made, it is a good-funds payment. SpeedyWallet™ manages all Discover® card deposits, can authorize automatic monthly payments, electronically transfers funds, and provides real-time transactional activity reports (as well as custom reporting).
About Virtual Automated Technologies, Inc.
Virtual Automated Technologies, Inc. (www.vatproducts.com) is an Oregon based Global Payments Solutions® provider. VAT’s SpeedyWallet™ ASP software links prepaid debit cards (stored value cards) to the Internet, creating a web-enabled solution for the management of prepaid debit cards.