Modives Modernizes Insurance Verification and Monitoring for Auto Master Systems Customers
Revolutionizing Risk Management for AMS's Leading Buy Here, Pay Here Dealerships
CHARLOTTE, N.C., June 24, 2025--(BUSINESS WIRE)--Modives and Auto Master Systems (AMS) are teaming up to introduce CheckMy Driver, the Modives advanced insurance verification and monitoring solution, to AMS's dealership management platform. This collaboration is set to modernize how Buy Here, Pay Here (BHPH) dealers verify and monitor insurance, helping them safeguard their portfolio assets more efficiently.
CheckMy Driver connects directly with insurance carriers through consumer-permissioned access to verify insurance coverage in real time. Unlike legacy processes that rely on delayed inputs like mail, static databases, or manual tracking, CheckMy Driver delivers live policy data—ensuring immediate, accurate verification and providing actionable insights for business decisions.
When coverage is missing or does not meet business requirements, CheckMy Driver automatically alerts the dealer and engages the customer to resolve the issue. If the customer doesn't take corrective action, or the dealer chooses to act quickly, the business can take appropriate risk mitigation steps such as placing collateral protection insurance (CPI), disabling the vehicle, or initiating repossession where applicable.
"Buy Here, Pay Here dealerships operate in a high-risk environment, and ensuring continuous insurance coverage is a key aspect of protecting their assets," said Modives CEO Frederick Waite. "AMS's strong reputation in the industry and deep understanding of dealer needs make them an ideal partner for CheckMy Driver. Our technology not only removes friction but also delivers measurable business impact by improving compliance, reducing risk, and minimizing manual workloads."
AMS serves a network of more than 400 dealerships, including some of the most influential players in the industry. By aligning with best-in-class providers like Modives, AMS continues to expand the value of its platform while addressing a critical need for dealers navigating the complexities of risk mitigation and compliance.
AMS's focus on innovation and customer-driven solutions drove it to this connection with Modives, as CheckMy Driver represents a natural fit within its ecosystem, offering dealers a proactive way to manage insurance compliance without the inefficiencies of legacy processes. Auto Master Systems has long been a trusted name in the BHPH industry, recognized for its commitment to providing high-quality software solutions tailored to independent dealerships.
"We are always listening to our customers and looking for innovative ways to streamline dealership operations," said AMS President Mike Downey. "CheckMy Driver represents a major step forward, eliminating the hassle of tracking insurance coverage while ensuring dealers stay protected. By reducing administrative burden and providing real-time visibility into customers' insurance status, we're delivering a hassle-free solution that helps dealerships operate more efficiently."
About Modives
CheckMy Driver is the only automated, AI-driven application that connects instantly with your customer's insurance carrier to verify their coverage is active, accurate, and adequate, delivering actionable business results instead of just data and more work.
CheckMy Driver's monitoring feature keeps an eye on their policy with live data, regularly verifying that it's unchanged and that your asset remains protected. When it finds an issue, CheckMy Driver works directly with the customer to fix the problem, using its automated messaging process for remediation, including embedded insurance options.
For more information or for press inquiries, please contact MediaRelations@Modives.com or visit Modives.com.
About Auto Master Systems
Auto Master Systems (AMS) has been a trusted name in the Buy Here, Pay Here (BHPH) industry for decades, renowned for its commitment to providing high-quality software solutions tailored to the unique needs of independent dealerships. Serving a network of over 400 dealerships, AMS is dedicated to empowering its partners with cutting-edge tools that simplify operations, enhance compliance, and improve risk mitigation.
AMS provides a full suite of products for both independent, BHPH, LHPH, and Indirect and direct finance companies across North America. With a strong focus on innovation and customer-driven solutions, AMS continues to evolve its platform to address the ever-changing challenges faced by the industry. By collaborating with best-in-class providers, AMS delivers value-added services that streamline dealership workflows and reduce administrative burdens.
For more information, visit www.auto-master.com or contact AMS at ams@auto-master.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250624705968/en/
Contacts
mediarelations@modives.com 781.572.5998
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
Dollar General analyst reworks stock price target after strong recovery
Dollar General analyst reworks stock price target after strong recovery originally appeared on TheStreet. If you're anywhere near Weedsport, N.Y., this weekend, you might want to stop by 8881 South Seneca Street. That's where Dollar General () is holding a grand opening on June 28 for its relocated store. The Cayuga County village, half an hour west of Syracuse, is the birthplace of the silent-film actor Justus D. Barnes, who played a major role in "The Great Train Robbery." 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 The first 50 adult customers will receive $10 gift cards, and the first 100 shoppers will get Dollar General tote bags. 'We are excited to reopen our relocated store in Weedsport and celebrate with the local community,' Matthew Simonsen, the chain's senior vice president of real estate and store development, said in a and dollar stores are seeing renewed growth in 2025, outperforming other nondiscretionary retail sectors, as economic uncertainty drives consumers to prioritize value, according to Dollar Tree () and Five Below () were outperforming the category based on year-over-year growth, while Dollar General was leading in visitor loyalty. Dollar General and Dollar Tree have seen an increase in loyal visitors, defined as people who visit three or more times a month, compared with last year, said. Dollar General's level of loyal visitors, 36% shopping three times per month, is considered very high. "Dollar chains are primed to be an asset to consumers as economic and financial uncertainty continues, but consumers may also continue to be more discerning overall," the analytics platform said. These stores "must continue to innovate and expand assortments, particularly in grocery, to stay competitive as warehouse clubs and superstores also vie for attention."While consumer sentiment improved in June — the first increase in six months — it remains historically low and significantly below the level of a year ago, according to the University of Michigan's survey. 'Consumers' fears about the potential impact of tariffs on future inflation have softened somewhat in June,' said Joanne Hsu, the survey's director. "Still, inflation expectations remain above readings seen throughout the second half of 2024, reflecting widespread beliefs that trade policy may still contribute to an increase in inflation in the year ahead." Dollar General shares have had a good 2025, surging 46%. The shares are down about 16% from this time in 2024. Earlier this month, the Goodlettsville, Tenn., company beat Wall Street's fiscal-first-quarter expectations for earnings and revenue. "We believe our efforts are resonating with a wide range of customers as they continue to seek value in our more than 20,000 store locations around the country,' Chief Executive Todd Vasos told analysts during the company's earnings call. After the company posted its quarterly results, Evercore ISI raised its price target on Dollar General to $117 from $100, while affirming an in-line rating on the shares. Dollar General's back-to-basics approach is gaining traction with solid fiscal-Q1 sales and profit up 5% year over year, and the company is benefiting from higher ticket sales in discretionary categories and a wider gross margin, Evercore said. Risk from the Trump administration's tariff policy remain a potential 5%-8% headwind for earnings per share, but Dollar General's turnaround is showing "promising" signs, the firm Advisory analyst Joseph Feldman raised his price target on DG to $120 from $100 and kept a market-perform rating on the shares. While the company remains pleased with its May comparison and expects momentum to stay solid this year, Feldman said, he sees tariffs as a wild card. Overall, the analyst said, he remains constructive on the stock. And on June 24 Goldman Sachs downgraded DG shares to neutral from buy with a price target of $116, up from $115. The investment firm cited valuation for the downgrade after the stock recovered sharply. Goldman said the company still has room to widen margins long term, but the stock is now pricing in its better fundamentals. Goldman said that upside to the stock will get harder, given "still-intense" competition, which could hurt DG's same-store-sales, and given the company's need to invest in its stores and supply General analyst reworks stock price target after strong recovery first appeared on TheStreet on Jun 24, 2025 This story was originally reported by TheStreet on Jun 24, 2025, where it first appeared.
Yahoo
39 minutes ago
- Yahoo
Crude Inventories Drop More Than Projected; Oil Prices Climb
Commercial crude stockpiles in the US shrank more than expected last week as motor gasoline and dist
Yahoo
39 minutes ago
- Yahoo
Jefferies Works Through Tough Markets
Jefferies reported a modest decline in revenue and a substantial drop in earnings in its fiscal Q2. Weakness in fixed-income activity offset relatively good performance in equities and advisory services. CEO Richard Handler is increasingly optimistic about a potential rebound in the second half of 2025. 10 stocks we like better than Jefferies Financial Group › Here's our initial take on Jefferies Financial Group's (NYSE: JEF) fiscal second-quarter financial report. Metric Q2 FY 2024 Q2 FY 2025 Change vs. Expectations Total revenue $1.66 billion $1.63 billion -1% Beat Adjusted earnings per share $0.64 $0.40 -38% Missed Investment banking revenue $787.4 million $766.3 million -3% n/a Capital markets revenue $707.1 million $704.2 million 0% n/a Jefferies didn't have very high expectations coming into Q2, but the company still wasn't able to satisfy investors fully. Earnings came in around $0.03 per share less than the analysts' consensus had expected, and a slightly smaller drop in revenue than most were expecting wasn't enough to restore confidence in the financial institution's overall health. Jefferies pointed to several countervailing factors affecting its results. Within its investment banking segment, Jefferies saw a massive uptick in advisory revenue, spurred by gains in market share and greater levels of activity in mergers and acquisitions. Weighing against those gains, though, was an equally large drop in equity underwriting activity. The net result was a decline in the segment's overall sales year over year. Meanwhile, on the capital markets side of the business, equities fared well, particularly in Europe and Asia. Jefferies' derivatives business was also healthy. Fixed income revenue was down significantly, though, as volatility led to a tough trading environment for bonds. Jefferies shares moved slightly lower on the news, as investors dealt with the earnings miss. The stock was trading down almost 2% in the first 45 minutes of after-hours trading following the release of the latest financial report Wednesday afternoon. The move lower threatened to bring to an end a rebound that saw the stock rise roughly 42% from its April lows. Yet even with the recent gains, Jefferies struggled early in 2025, and it remains down about 29% from where it started the year. Part of the reason for the bottom-line hit was a notable rise in non-interest expenses. Jefferies pointed to higher brokerage and clearing fees, which were consistent to some extent with higher trading volumes for various securities products. In addition, though, Jefferies spent more on business development as well as technology and communications expenses. Regardless, Jefferies investors need to look forward, and CEO Richard Handler tried to remain optimistic about the company's prospects. Given unexpected resilience in the global economy, strong backlog figures, and favorable relationships with its clients, Jefferies is setting a higher bar for the rest of the year. Now it's just up to Handler and his company to get the job done. Full earnings report Investor relations page Before you buy stock in Jefferies Financial Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Jefferies Financial Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Jefferies Financial Group. The Motley Fool has a disclosure policy. Jefferies Works Through Tough Markets was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
