CHICAGO – F&I Administration Solutions has partnered with Wright Express Corp. to integrate their two leading products: SCS Auto and the Wright Express corporate branded MasterCard.
Administrators of service contracts and other products who use the SCS Auto platform will be able to automatically issue, fund and reconcile credit card payments without leaving the SCS Auto platform.
“Most credit card solutions involve only one credit card and the transactions are not directly tied into the administration system,” said David Trinder, CEO of F&I Administration Solutions. “The result is that providers have major challenges with the management and reconciliation of these payments. With this partnership, not only will the system automatically generate a unique credit card number for each payment, but there will be strong security around the amount that can be charged, who it can be charged to and what each charge is for.”
The unique card number for each payment also makes the reconciliation process is simpler and more accurate.
“The Wright Express solution addresses many issues within the current process and every SCS customer we have presented this to has shown great interest,” said David D. Maxsimic, executive vice president, sales and marketing at Wright Express. “This solution is secure and efficient, and providers can easily see the benefits to their processes and controls. The competitive rebate that is available to providers is also a strong motivating factor.”
Trinder said demand has been so strong that F&I Admin will deliver it with the next software release in early 2010.
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