AT&T Capital Leasing Services' Extends Online Financing Capability Through ResellerLink.FRAMINGHAM, Mass.--(BUSINESS WIRE)--Aug. 27, 1997--As part of its Internet strategy to expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. equipment financing via the Web, AT&T Capital Leasing Services, Inc., a subsidiary of AT&T Capital Corporation, today announced the availability of ResellerLink, designed to service the specific financing needs of small-to mid-size resellers and VARs. The launch of ResellerLink closely follows the June 1997 announcement of AT&T Capital Leasing Services' business-to-business electronic commerce Web site, located at http://www.leasingservices.com . ResellerLink enables these small to mid-sized resellers and VARs to conduct leasing transactions online, eliminating the administrative complexities typically associated with equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
"ResellerLink is part of a larger company initiative to address the needs of our resellers and VARs by furnishing the financial and technology resources necessary to grow their business," said Kerry Smith, head of marketing for the Computing computing - computer Segment of AT&T Capital Leasing Services. "This new program specifically addresses key issues facing small to mid-sized resellers and VARs, offering them a new channel for business transactions that reduces the time and cost to exchange and process data, as well as educating them about leasing as an effective means of maximizing business options." ResellerLink also dramatically shortens sales cycles through automatic credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. by approving completed lease applications within two hours, increasing efficiency for both resellers and VARs and their customers. In addition, reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. for equipment financed is made through an Electronic Funds Transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. (EFT eft: see newt. (Electronic Funds Transfer) The transfer of money from one account to another by computer. See ACH. EFT - electronic funds transfer ) system - usually within one business day of completion of the transaction. ResellerLink marks the most recent addition to AT&T Capital Leasing Services' multiple electronic commerce offerings, which include FinanceLink and VendorLink. In a continuing effort to develop customized electronic commerce options to reach business partners and customers, AT&T Capital Leasing Services plans to offer additional features on its Web site later this year, including customized pricing and programs. About AT&T Capital Leasing Services, Inc. AT&T Capital Leasing Services, Inc. is a subsidiary of AT&T Capital Corporation, one of the largest equipment leasing and finance companies in 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. . AT&T Capital Corporation, formerly majority-owned by AT&T Corp., is a privately held, independent company that provides diversified equipment leasing, financing and related services to approximately 500,000 commercial customers in the United States, Europe, Canada, the Asia/Pacific region, 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. . A recognized leader in serving multinational manufacturers and vendors, AT&T Capital customizes financing programs for its customers around the world. For more information about AT&T Capital Leasing Services' products and services, visit its Web site at http://www.leasingservices.com . Information about AT&T Capital Corporation can be found at http://www.attcapital.com . CONTACT: The Weber Group Stephanie Torpy 617/520-7055 mcarroll@webergroup.com or Melissa Carroll 617/520-7027 storpy@webergroup.com |
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