MotoLease, a provider of loans for motorcycle and power sports vehicle buyers, has implemented software from NetSol Technologies Inc. for mobile payments, the company announced Thursday.
NetSol, in Calabasas, typically provides financing software to auto leasing and finance companies. The mAccount system used by MotoLease will help customers manage their contracts and payment plans. For dealers, the application provides a backend system that reduces the number of inbound calls.
“We chose to implement NetSol’s NFS mAccount solution to further improve customer service,” Emre Ucer, managing partner at MotoLease, said in a statement. “From a business standpoint, the application is expected to help improve cash flow as customers make timely, verified payments.”
MotoLease is a technology-based specialty finance company with a network of more than 1,000 motorcycle, snowmobile and all-terrain vehicle dealers.
NetSol shares closed up 1 cent or a fraction of 1 percent to $5.69 on the Nasdaq.