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Megasys Partners with ExpiTrans for Customer, Dealer, and Vendor Payments

Megasys is excited to announce a new partnership with ExpiTrans. ExpiTrans offers Omega Loan Servicing system clients the ability to accept ACH, credit card or debit card payments directly within the Omega system and online Omega Customer Portal environment.  A later second phase of the integration will allow lenders to submit ACH payment requests to vendors and dealers.

The Omega and ExpiTrans integration is scheduled for release August 2020.


About ExpiTrans:
ExpiTrans’ team has over 50 years of combined experience customizing and adapting payment platforms and is a single source provider of end to end payment processing and merchant services.  ExpiTrans stays fully immersed in the complexities of electronic payments to be able to deliver a platform that offers the convenience and flexibility that merchants and consumers demand, while offering electronic payment solutions with the highest level of efficiency

Get Signed Up Today!

  • There is NO Megasys setup or recurring costs

*A separate fee agreement is required with ExpiTrans and your fees will be paid directly to them.

ExpiTrans
Aaron McAfee – Senior Vice President, Sales
(435) 705-4732
amcaffee@expitrans.com| www.expitrans.com

Megasys
Diana Moreau – Sales Manager
(800) 927-4490
sales@megasys.net | www.megasys.net

 

COVID-19 Megasys Announcement

Like you, we continue to deal with the rapidly changing ramifications of the Coronavirus outbreak.  Please know Megasys is open for business and will continue to provide all services.

Please note the following changes:

  • Most of our employees are working remotely through a secured connection. A small group will remain at our Orange, CA office.
  • Our existing contact methods remain in place. (phone and email). We will route you to the correct department or employee.
  • We have cancelled or postponed all travel and all office visits until social distancing rules are lifted.

We will continue to provide updates as the current situation evolves.

Thank you,

Megasys

Megasys Announces the Promotion of Maite Vega & John Fuhrer!

We are thrilled to announce the promotion of Maite Vega to Chief Operating Officer and John Fuhrer to Chief Technology Officer of Megasys.

Maite originally joined Megasys in 1995 as a Support Technician. In 2000, she took a leave to raise a family. Maite returned in 2008 as a Technical Trainer and was later promoted to Installations Manager, where she oversaw all facets of the implementation department.  As Maite’s vast knowledge of the industry grew she contributed her ideas, automating system implementations and increasing overall customer satisfaction, elevating her to Vice President of Installations.  In her new role, as COO, Maite brings a wealth of leadership, management, and vision to drive Megasys’ future direction and continuing growth.

John Fuhrer has been with Megasys since 1999. Starting as a Support Technician, John quickly advanced to the development department. Driven to learn leading-edge programming technologies, John excelled as Lead Developer. A decade later, he was promoted to Chief Software Architect, managing the development team and overseeing all phases of design and development. In his new role, John’s passion for software development will drive the functionality and usability of our products and services.

Please join us in congratulating Maite and John!

 

Megasys Completes SOC1 – Type II Audit

Megasys has successfully completed the SOC I – Type II Audit and has been awarded compliant assessment following an intensive, independent review by Elliott Davis, a national accounting firm.

The Type II report contains the same information as a Type I SOC Report, but includes a more thorough investigation and provides evidence of how we operated the controls surrounding our services to our customers within a specified time frame.

If you’re interested in learning more about Megasys and the Omega Loan Management System, please contact us at 800-927-4490 or sales@megasys.net. We’d love to hear from you!

Important 2020 Dates

When a month-end falls on a weekend, your month-end processing will often be scheduled for that Saturday. Megasys will provide support on the following Saturdays for month-end specific support and emergency situations:

Saturday, February 29 7:00 am–12:00 pm

Saturday, October 31 7:00 am–12:00 pm

 

2020 Holiday Schedule

(office will be closed)

May 25 Memorial Day
July 3 Independence Day
September 7 Labor Day
November 26 Thanksgiving Day
December 25 Christmas Day
January 1 New Year’s Day

Please contact Megasys Support at 714-952-9554 if you have any questions.

Megasys 2019 Reflection

Megasys celebrated another successful year of Omega customer base growth. We added new features and enhancements to greatly improve the system experience and performance.

The most notable features included expansion with existing partnerships, Static Pool reports, and the new document presentment feature available within the Customer Portal. We were proud to successfully complete the SOC1 Type II Audit, which awarded Megasys compliant following an intensive, independent review by Elliott Davis, a national accounting firm.

The Megasys User Group event held in May was an integral part of our growth through user participation and great system feedback. As a result of customer input, we incorporated several new base system enhancements for ease of use.

Megasys would like to extend a heartfelt thank you to our current customers and welcome our newest Omega customers that have helped shape our year. Due to our continued growth, we have expanded our installation and development departments. We are thrilled to have several new employees join the Megasys family.

Heading into 2020, our road map includes exciting new Omega features and partnership opportunities.

If you’re interested in learning more about the Omega Loan Management System, please contact us at 800-927-4490 or sales@megasys.net. We’d love to hear from you!

Happy New Year!

New Static Pool Analysis Reports!

Create your own static pools with our easy-to-use reports!

Omega can help your lending company manage risk to predict and prevent losses. Our new Static Pool feature includes three built-in reports that track long-term performance of groups of accounts entered in a given month, quarter, or year.

Key data measurements include number of accounts funded, current balance, and various loss statistics.

Static Pool Analysis Reports:

  • Static Loss – pools by month, quarter, or annually. Filter results by branch, class, dealer, and portfolio.
  • Loss Summary by Dealer – Similar to Static Loss, grouped by dealer.
  • Raw Data Report – Includes all data points in all periods and shows loss statistics by pool that includes values as of run date and each month end.

Static Pool Analysis Reports are included with all Omega system editions.

Questions?

Support 714-952-9554 or Sales 800-927-4490

New Customer Portal Features

Customer Portal: 

The Omega Customer Portal provides your customers with personalized service. Customers can view their account information, complete payment transactions, submit messages, and view documents, including statements that you make available to them through your Omega system. With an open line of communication, you will boost customer satisfaction and reduce customer service calls.

Other Key Features:

  • Customize portal display for account, collateral and demographic information
  • Add company logo and background image for a personalized touch
  • Include or exclude accounts by admin and remark code status
  • Configure global and branch-level settings for contact us, payment consent, legal and privacy and terms and conditions statements

Sign Up Today

Contact Megasys Sales at 800-927-4490 to schedule a demo!

 

New Electronic Document Presentment

Attach Electronic Documents for Easy Viewing!

New Omega document options allow users to attach PDF documents generated by the Omega system to accounts. Attached documents are viewable within the View Account screen, and optionally via the Customer Portal and Dealer Portal. Documents are easily located by date, description or creator.
For questions, contact Megasys Support at 714-952-9554

Megasys 2018 Reflection

2018 celebrated another successful year of Omega customer base growth. We announced new partner integration’s, added new features, and implemented key enhancements to improve the Omega System experience.
The most notable accomplishments this year included general system improvements and new integrated partnerships with Dealertrack and PassTime. We were proud to successfully complete the SSAE 18 assessment, which awarded Megasys compliant following an intensive, independent review by Elliott Davis, a national accounting firm.
Megasys would like to extend a heartfelt thank you to our current customers and welcome our newest Omega customers that have helped shape our year. Due to our continued growth, we have expanded our technical support and development departments. We are thrilled to have them join the Megasys family.
Heading into 2019, we have big plans for exciting new Omega features and partnership opportunities, some of which are planned for first quarter. We look forward to seeing customers and associate vendors at the upcoming Megasys User Group event:
Wednesday, May 15 – Thursday, May 16 2019
Renaissance Long Beach Hotel, Long Beach, CA
Look for MUG registration, including agenda with hotel reservation information to follow soon!
If you’re interested in learning more about the Omega Originations and Servicing System, please contact us at 800-927-4490, or email us at sales@megasys.net. We’d love to hear from you!
Happy New Year!

PASSTIME AND MEGASYS ANNOUNCE INTEGRATION PARTNERSHIP

LITTLETON, Colorado—May 16, 2018—PassTime®, a leading provider of GPS Solutions and Megasys, a leading provider of complete loan servicing systems for the consumer finance industry announced today the companies have completed a software integration project.

With the new integration project complete, customers will be able manage their PassTime GPS products using the Megasys *Omega Originations & Servicing System*. This will streamline the process of setting up new accounts and performing many of the PassTime system functions from one system.

“We are proud to add Megasys to our growing list of integrated DMS partners. They are certainly one of the best in the industry,” said PassTime President and COO Chris Macheca.

Buy-Here-Pay-Here dealers and finance company customers use PassTime’s GPS solutions to protect their assets, enhance collection processes and reduce delinquencies and repossessions. PassTime, which has been in business for over twenty five years, prides itself on providing high-quality and reliable products to the vehicle financing industry along with unmatched 24/7 live customer care for its customers and consumers.

Clients will be able to manage an asset directly within the Megasys Originations and Servicing systems. The seamless real-time integration allows customers to perform several PassTime functions including location, enable/disable and notification services.

“We are excited to partner with such a reputable company in the industry,” said Theo Austin, President & CEO of Megasys.” The integration with PassTime was developed to support customer demand for Megasys clients that have been utilizing their services.

The companies mentioned that the integration is complete and is commercial available.

For more information please contact PassTime at 877-727-7846 or info@passtimegps.com

About PassTime

PassTime GPS has been in business for more than 25 years in the global transportation industry. Its wireless GPS telematics products are available for multiple sectors of the automotive industry including auto dealers, auto finance companies, auto leasing companies, insurance companies and fleet transportation providers. Its products are available in the USA, Canada, Europe, Latin America, Asia Pacific and the Middle East. The company designs, engineers, manufactures and distributes its own products and has more than 25 patents protecting its technology.

About Megasys

Megasys is the leader in complete loan servicing systems for the consumer finance industry for over 35 years. Megasys provides customizable software platforms for finance companies of every size, from startup businesses to major corporations. Their clients service 2 million active accounts and have processed over 1 million applications, with $8 billion in transactions. Omega is a user–friendly browser–based solution that streamlines account servicing operations. Their total solution includes loan origination, loan servicing, collections, reporting, and document storage. Omega includes integrated and intuitive General Ledger and Accounts Payable systems with drill–down capability, making Omega the most complete package available for a consumer finance company.

MEGASYS PARTNERSHIP WITH DEALERTRACK EXPANDS TO INCLUDE LOS INTEGRATION

Megasys Partnership with Dealertrack expands to include LOS integration for faster loan decisions with auto dealers in addition to expedited Auto Title Management

ORANGE, Calif.—April 25, 2018 – Megasys, Inc., the leading provider of complete loan servicing systems for the consumer finance industry, announced today a new facet of their integral partnership with Dealertrack. The latest partnership integration quickens the indirect loan decisioning process with dealers utilizing Dealertrack’s industry-leading Credit Application Network solution.

Megasys already relied on Dealertrack to manage the Electronic Lien & Title (ELT) process for their lenders, where state mandates require both dealers and lenders adopt a fully digital titling solution between them and their governing DMV office. Megasys chose Dealertrack as their preferred ELT provider because of the ease of integration along with perfecting capabilities that speed the entire application-to-title process and lien/title management that helps mitigate fraud risk.

Now with the same ease of integration for the F&I portion of Lenders’ auto lending processes, the Omega Loan Origination System has improved service for their subprime automotive lenders by automating the credit application delivery and decision process to provide real-time approvals, declines and counter-offers back to dealers.

“The vast majority of dealers in the subprime finance industry use Dealertrack’s Credit Application Network,” said Theo Austin, President of Megasys, Inc. “We are excited to expand our partnership with such a trusted industry leader. This Dealertrack integration supports our growing customer demand to provide seamless integration to streamline the credit application process.”

“By integrating with Megasys’ Omega LOS, Dealertrack’s network of lenders can receive credit applications from their dealers in real time and return automated decisions – cutting down time consumers must spend in the F&I office,” said Cheryl Miller, Vice President & General Manager of F&I Solutions at Dealertrack, a Cox Automotive brand. “This drastically improves satisfaction with the entire buying process.”

For more information about Dealertrack, visit www.Dealertrack.com.

About Megasys

Megasys is the leader in complete loan servicing systems for the consumer finance industry for over 35 years. Megasys provides customizable software platforms for finance companies of every size, from startup businesses to major corporations. Their clients service 2 million active accounts and have processed over 1 million applications, with $8 billion in transactions. Omega is a user–friendly, browser–based solution that streamlines account servicing operations through loan origination, loan servicing, collections, reporting, and document storage. Omega includes integrated and intuitive General Ledger and Accounts Payable systems with drill down capability, making Omega the most complete package available for a consumer finance company. For more information please visit www.megasys.net .

About Dealertrack
Dealertrack is the leading provider of digital solutions to the automotive retail industry. Whether you’re a dealer, a lender, a manufacturer, or a state agency, our integrated and intuitive approach to products and services makes your workflows more efficient, transparent, and profitable. From our pioneering Digital Retailing tools—bridging the gap between the online and in-store experience—to our lender network (the largest in North America), Dealertrack is the only company helping enable the transformation of auto retailing. Dealertrack is a part of Cox Automotive. For more information please visit www.coxautoinc.com.

Official Release Article: http://www.prweb.com/releases/2018/04/prweb15438834.htm

STOP BY THE MEGASYS BOOTH – AFSA INDEPENDENTS 2018

Megasys looks forward to visiting with you at the 2018 AFSA Independents Conference and Exposition!

AFSA Independents Conference & Exposition April 24-26, 2018
Marriott Harbor Beach Resort, Ft. Lauderdale, Florida

Please stop by our booth to learn more about the Omega System Solution and your Chance to Win a $200 Visa Gift Card!

Click below for Omega System features:

Omega Loan System Solution

MONTH END SATURDAY SUPPORT DATES

When a month end falls on a weekend, your month end processing will often be scheduled for that Saturday. Megasys provides support on those Saturdays from 7:00 am – 12:00 pm PT for month end specific support and emergency situations.

The 2018 Saturday Support dates are:

March 31st

June 30th

If you have any questions please contact Support at 714-952-9554

VISIT THEO AT THE AFSA VEHICLE 2018 CONFERENCE!

Theo Austin, President & CEO is attending the AFSA Vehicle Finance Conference, March 20th-22nd, at the Bellagio, Las Vegas, Nevada.
Theo looks forward to his annual visit with customers. This is also a great opportunity for you to learn more about the Omega Loan Servicing Solution. Please make sure to visit with Theo!
Please click here to learn more about Omega:

Omega Loan Servicing Solutions

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