Leading auto finance company partners with ACI to increase
consumer convenience in bill payment while decreasing processing costs
NAPLES, Fla.--(BUSINESS WIRE)--
ACI
Worldwide (NASDAQ: ACIW), a leading international provider of electronic
payment and banking solutions, announced today that Southern
Auto Finance Company (SAFCo) has selected its UP Bill Payment
Solution to increase consumer convenience and reduce payment processing
costs. SAFCo customers will be able to pay their loans electronically on
a mobile device, computer or via phone with a debit card or ACH
(Automated Clearing House). They will also have the option to sign up
for an ongoing electronic bill payment relationship or to make their
loan payment quickly with no sign-up required.
Recently named to SubPrime Auto Finance News' list of Top 100
sub-prime auto lending, recovery and financial service providers, SAFCo
is a leading automotive financing company that operates in 14 states. As
the company expands its national reach, it is constantly working to
improve processes and offer innovative solutions, including bill pay
advancement. After conducting a broad vendor evaluation, SAFCo chose
ACI's comprehensive and integrated electronic
bill payment solution.
"As a finance company, payments are our lifeblood," said Gary Stein,
Chief Financial Officer, SAFCo. "ACI's electronic bill payment
technology gives us a competitive advantage by providing our customers
the easiest and most flexible ways to make their loan payments,
resulting in both operational efficiencies and significant cost savings
for SAFCo and our customers."
"As big banks and regional auto-lenders compete for market share,
providing convenient bill payment options can increase customer
satisfaction, loyalty and future purchase intent," said Richard Crone,
CEO, Crone Consulting LLC. "We see increasing demand from consumers to
pay from mobile devices and with debit cards. Today's lenders must not
only offer these options, but also the ability for consumers to pay
quickly without having to sign up for online banking. Many banks have
more than 50 percent of their loans with customers who do not have a
checking account at their respective banks, yet banks do not offer
electronic payment options for this customer segment."
"SAFCo recognizes the importance of catering to the wide range of
consumer preferences in order to win and retain business," said Scott
Fitzgerald, vice president and product line manager, ACI Worldwide.
"We're seeing forward-thinking consumer finance organizations expand
their flexible bill payment options to include mobile and debit cards.
These capabilities provide consumers fast and convenient payment options
that make it easier to do business with loan providers."
About ACI Worldwide
ACI Worldwide, Inc., the Universal
Payments company, powers electronic payments and banking for more
than 5,000 financial institutions, retailers, billers and processors
around the world. ACI software processes $13 trillion each day in
payments and securities transactions for more than 250 of the leading global
retailers, and 21 of the world's 25 largest banks. Through our
comprehensive suite of software products and hosted services, we deliver
a broad range of solutions for payment processing; card and merchant
management; online
banking; mobile, branch and voice banking; fraud
detection; trade finance; and electronic
bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2014.
ACI, ACI Payment Systems, the
ACI logo and all ACI product names are trademarks or registered
trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the
United States, other countries or both. Other parties' trademarks
referenced are the property of their respective owners.
Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI's sole discretion. ACI
is providing the following information in accordance with ACI's standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality,
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code, or
functionality, and should not be relied upon in making a purchasing
decision.
Media Contact:
ACI Worldwide, Inc.
Dan Ring,
781-370-3600
dan.ring@aciworldwide.com
Source: ACI Worldwide, Inc.
News Provided by Acquire Media
