ST. LOUIS — Ristken Software Services announced that Payment Systems Group Inc. (PSG) has acquired its Equity Driver biweekly auto payment services division.

“We are pleased to know that our customers, dealerships, and agents will be handled by the leading firm in Biweekly Payment Services and loan acceleration payment technology,” said Patrick DeMarco, president of Ristken.

Payment Systems Group has assigned the retail activities for ongoing sales to Accelerate My Payoff, company officials said. “We'll be bringing the most reliable and state-of-the-art payment technologies to former Equity Driver dealerships over the next few weeks,” said Grant Szalay, president of PSG. “Accelerate My Payoff has more than 20 years of sales and marketing in the automotive industry. Working together, we can quickly penetrate new market areas and provide additional benefits to both dealerships and customers."

The company allows dealerships to perform enrollments 100 percent online and view real-time key performance indicators through its Web portal, according to the company. The Biweekly Auto Loan Payment Service enables customers to pay off an average loan five to six months early, reported F&I and Showroom magazine.