ADP selects Dallas as pilot city for new financing program for Internet car shoppers.DALLAS--(AutomotiveWire)--Jan. 23, 1997-- Auto Loan/Credit Application Process Time-Frame Reduced From Days To Minutes Dallas car shoppers can now test drive the latest concept in automotive financing -- instantaneous loan and credit application processing and approval via the Internet. 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. AutoFinance(TM) was introduced today in Dallas by ADP Dealer Services as a pilot program to electronically connect consumers, auto dealers, and financial institutions. NationsBank is the first financial institution to partner with ADP Dealer Services to bring real-time electronic automotive financing to market. The ADP AutoFinance pilot program enables Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f to apply for and receive confirmation of financing instantly through a participating network of seven Dallas auto dealers via ADP AutoConnect(TM) (http://autoconnect.net), a free one-stop automotive Internet service. With this unique system, consumers can easily apply for automotive financing at the Web pages of participating dealerships, and receive a decision on those applications in just minutes. This process enables qualified prospective car buyers to enter a participating auto dealership with pre-approval for financing. "Typically, financial institutions take one or two days to process an auto loan or credit application submitted by a dealer on behalf of a customer," said 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. , director of product marketing for ADP Dealer Services. "Now with ADP AutoFinance, consumers in Dallas can personally apply for auto financing and receive a decision on that application in just a matter of minutes A Matter of Minutes is an episode from the television series The New Twilight Zone. Cast
Dallas was selected as the test market for the ADP AutoFinance pilot program before the system is rolled out nationally later this year. The ADP AutoFinance pilot system is installed on the ADP AutoConnect Web pages of the seven Dallas auto dealerships, enabling Internet shoppers the benefits of a real-time, on-line closed-loop financing system. "As the ADP AutoFinance system is automated, consumers will experience an unprecedented response time for available financing," said Phil Wetzel, general sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → of Dallas-based Big Billy Barrett Mazda & Kia. "For the first time, dealers will have the ability to provide fast and competitive financing rates for both consumers and dealers, resulting in a streamlined and more efficient system for everyone involved in the car buying process." Since August 1996, ADP AutoConnect has quickly become known as the one-stop World Wide Web site for comprehensive automotive information. ADP AutoConnect seamlessly links together the Web pages of 4,000 automotive dealers, more than 500 Web sites of auto manufacturers, parts and service sites, auto clubs/associations, and on-line automotive publications. ADP AutoConnect can be reached at http://autoconnect.net . ADP Dealer Services Group provides turnkey systems A complete system of hardware and software delivered to the customer ready-to-run. In other words, just "turn the key" and go.  A Turnkey Video System to more than 17,000 auto and truck dealers throughout the U.S., 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 Same as data processing. , Inc. (ADP). 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 Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : 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 ADP AutoConnect located at http://autoconnect.net . EDITOR'S NOTE: There is an "at" symbol after "sburke" and "rbenecke" in the E-mail addresses See Internet address. e-mail address - electronic mail address below. This symbol may not appear properly in some systems. CONTACT: ADP Dealer Services Susan Burke, 847/397-1700 sburke@hoffman.ds.adp.com or Edelman Public Relations Worldwide Rowan Benecke, 312/240-3000 rbenecke@edelman.com |
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