DealerTrack Welcomes Regional Acceptance to Its Auto Finance Platform.Business Editors/Automotive Writers MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 5, 2003 DealerTrack, Inc. today welcomes Regional Acceptance Corporation to its growing community of financing sources participating on its online auto finance platform. Regional Acceptance is also a participant on Credit Online's CreditConnection(R) network. Following DealerTrack's acquisition of Credit Online, Regional Acceptance has now migrated to the DealerTrack platform - providing its dealer customers with access from either platform. Regional Acceptance auto dealers are now able to access the company's financing programs on DealerTrack 24-hours-a-day, seven-days-a-week. Through the DealerTrack platform, dealers can submit credit applications to Regional Acceptance and monitor their real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. status, as well as pull credit reports and connect to additional financing sources on the platform. "Given DealerTrack's strong reputation in the industry, we had no hesitation in making the transition from the CreditConnection platform," said Brian House, senior vice president of MIS (1) (Management Information System) An information system that integrates data from all the departments it serves and provides operations and management with the information they require. and IT operations for Regional Acceptance. "We feel that the merger of the two platforms is an extremely positive development for all auto finance stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. , and we look forward to growing our business as a result of our participation on DealerTrack." "Regional Acceptance is one of many top financing sources that we will be welcoming to DealerTrack from the CreditConnection network," said Mark O'Neil, president and chief executive officer of DealerTrack, Inc. "We are pleased to continue to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. our promise to our dealer participants of expanding their financing options. We look forward to having a positive impact on the business of Regional Acceptance and its customers." In operation since early 2001, the DealerTrack platform is now processing over two million credit applications per month. About DealerTrack: With over 20,000 dealers and over 35 lenders currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire dealer-to-lender relationship, from financing to daily information sharing See data conferencing. . The DealerTrack suite of products includes credit application processing, credit bureau access, electronic contracting and lease comparisons - all in one easy-to-use, integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing and credit bureau access. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725. About Regional Acceptance: Regional Acceptance is a forward-thinking company in pursuit of a goal to be America's premier auto lender. Currently, Regional Acceptance has branch offices in 14 US states: Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). , Ohio, Indiana Indiana, state, United States Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W). , Oklahoma, Kentucky, Delaware, Maryland, Virginia, Tennessee, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Georgia, Florida and Texas. In addition to financing consumer auto and recreational vehicle purchases, it offers credit insurance and other insurance products to its dealers. |
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