Consumers Using ChargeSmart for Auto Payments

Current usage trends gathered by the company indicate that a high percentage of consumers are paying auto loans using its service and are scheduling future automotive transactions up to a year in advance using ChargeSmart's “AutoPay” feature. ChargeSmart follows Payment Card Industry Data Security Standards (PCI DSS), including the use of High-grade AES 256-bit SSL encryption, an industry standard technique, to safeguard consumers’ private information that is transmitted via the Internet.

“We believe that consumers are taking advantage of the service for their car payments not only because of the credit card rewards they earn, but also the added convenience of being able to set up monthly payments, not to mention a useful cash management tool,” said Philip Mikal, COO of ChargeSmart. “And because of the lack of payment options, particularly within the auto industry, consumers are finding the service exceptionally helpful.”

The level of convenience has made consumer use of the service continue to grow since it went live last month. ChargeSmart customers submit payments directly to ChargeSmart and indicate the amount they wish to pay and the recipient. The system then securely accepts, processes and remits payments electronically, ensuring every step from the customer to the payee is accounted for and traceable. Additionally, the company’s easy-to-use interface enables customers to gain reward points or miles from their card issuer.

Mikal continued, “Transaction volume increases everyday, and customers can have the confidence that we have taken the utmost precautions to ensure that their data is protected. Additionally, we promote responsible credit use with individuals who use our solution. It may not be the perfect fit for everyone; however, our research has shown that individuals want efficient payment options, and ChargeSmart provides one.”