ADP Dealer Services signs agreement with Credit Management Solutions Inc. and NationsBank.CHICAGO--(AutomotiveWire)--Oct. 9, 1996-- ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. Dealer Services signs agreement with Credit Management Solutions Inc. and NationsBank to provide on-line dealership financing for ADP AutoConnect The Dealer Services Group of Automatic Data Processing Same as data processing. (ADP) announced today that an agreement was signed with Credit Management Solutions Inc. (CMSI CMSI Citicorp Mortgage Services, Inc. CMSI Checkout/Control and Monitor Subsystem Interface (NASA) ) and NationsBank to develop an on-line Internet-based financing solution for ADP's new Internet See Web 2.0 and Internet2. service, ADP AutoConnect. With this agreement, CMSI, a leading credit application software developer, and NationsBank, one of the largest bank providers of retail financing for automobile buyers, will partner with ADP to implement a paperless Internet-based automotive financing system. The venture will provide a closed-loop consumer loan process whereby consumers apply for and receive confirmation of financing through the dealer Web sites on ADP AutoConnect. This new financing system will enable consumers to receive decisions on loan applications in just minutes as compared to traditional loans that can take hours or days to process. "We are excited to partner with CMSI and NationsBank to add the delivery of on-line Internet financing services for automobile dealers and their customers via their ADP AutoConnect Web sites," said Peter M. Leger, president of ADP Dealer Services Group. "With nearly 4,000 dealers now subscribing to ADP AutoConnect, coupled with ADP's current customer base of 17,000 dealers worldwide, ADP brings a strong customer base and a wealth of information technology resources to the table." "The combination of tools and resources ADP offers this forward-thinking initiative will significantly enhance the lending process and improve workflow for banks and auto dealers," said John Abadie John Abadie (November 4, 1854-May 17, 1905) was a 19th century Major League Baseball first baseman. He was born in Philadelphia, Pennsylvania. Before he played in the major leagues, Abadie played first base for a semi-professional team in Easton, Pennsylvania. , president of NationsBank Dealer Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . "Auto dealers and their customers will value the speed of decisions, and the readily available status of electronic transactions." ADP AutoConnect is a comprehensive automotive Internet resource that seamlessly links together the Web pages of nearly 4,000 auto dealers, more than 500 auto manufacturers, clubs/associations, and parts and service sites. It is located at http://www.autoconnect.net. ADP Dealer Services Group provides turnkey systems to more than 17,000 auto and truck dealers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Europe, Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . ADP Dealer Services Group is the third largest business unit of Automatic Data Processing Inc. With more than $3.5 billion in annual revenues and 375,000 clients, ADP is one of the largest computing services firms in the world. -0- Editor's Note: An electronic version of this news release is available at the Edelman Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most World Wide Web site located at http://www.edelman.com, or at the ADP AutoConnect Web site located at http://www.autoconnect.net. EDITOR'S NOTE: There is an "at" symbol following "jmaguire", "mprofeta", "rbenecke" and "nancyw" in the e-mail addresses below. This symbol may not appear properly in some systems. CONTACT: ADP Dealer Services, Chicago James G. Maguire James George Maguire (1853 - June 20, 1920) was an American politician who served as a federal House Representative from California. Born in Boston, Massachusetts, Maguire moved with his parents to California in April 1854. , 847/397-1700 jmaguire@autoconnect.net or Edelman Public Relations Worldwide Marni Profeta/Rowan Benecke, 312/240-3000 mprofeta@edelman.com or rbenecke@edelman.com or CMSI Nancy Weil, 800/777-2674 ext. 6789 nancyw@cmsinc.com or NationsBank Judy Johnson, 910/805-3631 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion