As several states make the transition away from paper vehicletitles to electronic lien and titles, at least one firm said it isexperiencing the impact.

VINtek, a provider of collateral management and ELT servicesand direct finance processing for auto lenders, said it experienceda 28% increase in new customer signings in 2012. The new clientsrepresent an estimated 30% increase in recurring revenue overclient sales in 2011, the Philadelphia-based firm reported.

Florida and Georgia's ELT compliance deadline went into effectJan. 1. There are 18 states that have implemented ELT, according toVINtek President Larry Highbloom.

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