PRI recognizes the need to utilize cutting edge technology that helps the company to provide a prime customer service to our clients, our field agents and our administrative staff. Simultaneously, this adds to our competitive advantage. Technology and innovation drive our business. We achieve results impossible to obtain without embracing and pioneering such technology.


When combined with other databases, DRN vehicle location data is used by companies to create more actionable automotive data which is then used for everything from insurance fraud protection and loan underwriting, to auto recovery and validating insurance claims. DRN’s vehicle data analytics can also be used for finding out where a car is likely to be by mapping where a vehicle is over time. Read more about this technology and PRI’s role in the development of License Plate Technology after a brief introduction to our management and compliance software…the Recovery Database Network:

Currently, PRI utilizes a recovery management software program that is specifically designed for the repossession industry. RDN   – Recovery Database Network is a web-based program, and therefore affords flexible access from any location and at any time.

Like PRI, RDN shares the same vision. RDN and PRI have a goal to revolutionize our industry. Our goals have always been to establish new benchmarks - to elevate the entire concept of "Loss Mitigation, Recovery, Title Processing, and Asset Disposition" to a higher plane of efficiency. Recently, RDN has called upon and implemented great new ideas from outside of our industry. Ideas such as legacy collection software integration, document imaging, workflow management, email/fax communication platform integration, data encryption, wireless internet access, and navigational/mapping functionality. In the hands of skilled programmers, these seemingly disparate elements provide the basis for a remarkable software product - the Recovery Management Database System (RMDS), Powered by RDN.

RDN's software application is a two-way e-commerce network and communication platform that extends electronic connectivity into a segment of a lending institution's business where there was previously very little penetration. The network creates value by aggregating lending institutions and collateral recovery service providers resulting in marketplace liquidity (a critical mass of lenders and service providers), thereby creating benefits for both parties. Such benefits result in the further creation of value by reducing search costs, reducing transfer costs, standardizing systems, and improving matching for both lenders and their recovery related service providers. Lenders benefit because they have more choices and service providers benefit because they have greater access to lenders.

RDN is a secure site and has the flexibility to be used to maximize repossession activity, thus allowing us to manage and control our business and yours. For example, the system provides:

1. Management and control of our business and yours
2. Immediate contact regarding the account or collateral status, irrespective of location
3. Day to day operations on accounts, whatever their status and requirements e.g., provision of timely updates
4. The capabilities for us to monitor and evaluate our field agents activity and performance
5. Client access to their accounts and have the ability to monitor their progression through the system
6. Provides management information and statistical information that can be monitored according to the need of the client
7. Monitor and evaluate our Account Executives performance
8. Provides immediate financial and accounting functions
9. Our clients can access their accounts and monitor their progress through the system. For example:

This 'state of the art' technology has created even more 'added value' to the services that PRI offers and provides. All our employees are computer literate and well versed with all the relevant computer systems and software within the company. This technology also aids us in our journey to become a paperless firm, in an effort to take maximum measures to safeguard our clients and customer’s personal data.

Digital Recognition Network (DRN) is a data company exclusively focused on data derived from vehicles. PRI was the first company in New York to own and operate this technology, and further invested in DRN through the American Recovery Association as a financial partner helpingDRN to become the future of the recovery industry. By recovering, storing and grouping data on vehicle location, where vehicles go and who drives them, PRI and DRN is able to provide value to clients to help them make better, more profitable decisions.

An industry pioneer in vehicle asset location technology and services, DRN fuels a national network of more than 550 Affiliates employing mobile license plate recognition technology that gathers the data we provide to our clients.

Because this technology is used in every major metropolitan area in the United States, DRN captures data on more than 50 million vehicles each day. With more than 700 million data points gathered to date, DRN has the largest vehicle location database in existence. We are proud to maintain strict standards for privacy, compliance, and data integrity.During the past three years DRN’s license plate recognition technology has recovered more than 40,000 vehicles valued at $360 million.

PRI was the first company in the State of New York to offer this service.

Recover an asset quickly and you retain more of that asset’s value. That’s what LPR2.0 is all about. The LPR2.0 license plate recognition solution is designed to make asset recovery happen quicker and more reliably than any method ever created. LPR2.0 allows the instant, simultaneous cross checking of multiple vehicle location report databases to facilitate real time asset recovery. LPR2.0 goes beyond a resident or place of employment to asset recovery wherever cars congregate.


Because LPR2.0 operates in a vast network, asset recovery companies benefit from a “network effect,” allowing asset recovery (and recovery of their value) faster. The network effect also reduces operating expenses and asset risk. It also improves the balance sheet by accelerating the time value of exposed assets, with a corresponding reduction in asset charge offs. In fact, current users of LPR2.0 report that, when added to their current activities for asset recovery, they experience 7% to 10% uplift in their time asset value.

As soon as DRN locates a vehicle, our clients receive an email notification that includes a photo of the missing vehicle, a photo of the license plate, a time and date stamp noting when the vehicle was located, and the GPS coordinates of the vehicle. Our locate fees are based on the value Digital Recognition Network provides to our clients and are 100% guaranteed - if you don’t recover the vehicle, you don’t pay the vehicle locate fee.

PRI pioneered DRN and License Plate Recognition years ago, as the first company in NY to use this technology. Over the years of unparalleled license plate scanning and data collection, we have developed our idea of human data mapping...using years of past and present data from scanning to predict future behavior of your skips. We manage historical and present data and combine it with our one of a kind skip and cyber tracking and invented:




With its position firmly established in the automotive finance market, PRI is now expanding into other markets including insurance, enterprise/government, and digital marketing industries.