FIS Selected by VW Credit, Inc. to Support North American Loan and Lease
*VW Credit, Inc. to leverage FIS AutoSuite to advance goals
*Integrated and scalable offering supports front-to-back lending spectrum
for VW Credit, Inc.
*AutoSuite solution processes more than 48 percent of all U.S. outstanding
loan and lease receivables
JACKSONVILLE, Fla. -- December 11, 2012
FIS™ (NYSE: FIS), the world’s largest provider of banking and payments
technology, today announced that VW Credit, Inc. (VCI) will deploy FIS’
AutoSuite™ automotive finance solution for its North American loan and lease
processing. VCI will also deploy FIS’ Default Manager solution for customer
service, collections and remarketing, as well as TouchPoint^® Sales and
Marketer for customer relationship management.
“Volkswagen and VCI are on the move and FIS’ AutoSuite has the scale to
support VCI’s growing auto finance profile in North America,” said David
Slider, president, FIS Automotive Finance Group. “The AutoSuite solution
provides the breadth and depth of capabilities required to consolidate
portfolios, reduce costs and gain considerable processing efficiencies. FIS’
solutions and depth of experience will support Volkswagen and VCI’s growth in
Founded in 1981, VCI is the auto finance arm of Volkswagen Group of America.
VCI chose to team with FIS for its automotive finance to enable portfolio
growth and to improve business processes.
“As VCI embarks on its projected growth plan, creating and maintaining
operational efficiencies will be imperative to providing superior service to
our dealers and end customers and enabling smooth operations,” said Andrew
Stuart, president and CEO, VW Credit, Inc. “The combination of a best-in-class
application, proven implementation capabilities and excellent client
references made VCI’s selection of FIS an easy one.”
The leading provider to the automotive finance industry, FIS supports more
than 48 percent of all U.S. outstanding loan and lease receivables. AutoSuite,
a full-spectrum solution for the automotive finance industry, enables
businesses to adapt quickly to change by delivering industry-leading dealer
finance, loan origination, integrated loan and lease servicing and payment
services. The integration between AutoSuite, Default Manager and TouchPoint
provides end-to-end integration of loan lease receivables, collections,
customer service and customer relationship management capabilities.
About VW Credit, Inc. (VCI)
VW Credit, Inc. (VCI), a wholly owned subsidiary of Volkswagen Group of
America, Inc., was founded in 1981 as the financial services arm of Volkswagen
Group of America, Inc. VCI services Volkswagen and Audi retail customers and
dealers as Volkswagen Credit and Audi Financial Services.
The company provides competitive financial products and services to dealers
and their customers throughout the United States including retail leasing,
retail financing, and balloon financing, along with wholesale financing for
new and used vehicles.
FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking
and payments technologies. With a long history deeply rooted in the financial
services sector, FIS serves more than 14,000 institutions in over 100
countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000
people worldwide and holds leadership positions in payment processing and
banking solutions, providing software, services and outsourcing of the
technology that drives financial institutions. First in financial technology,
FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a
member of Standard & Poor’s 500^® Index. For more information about FIS, visit
This news release contains forward-looking statements that involve a number of
risks and uncertainties. Statements that are not historical facts, including
statements about our beliefs and expectations, are forward-looking statements.
Forward-looking statements are based on management's beliefs, as well as
assumptions made by, and information currently available to, management.
Because such statements are based on expectations as to future economic
performance and are not statements of fact, actual results may differ
materially from those projected. We undertake no obligation to update any
forward-looking statements, whether as a result of new information, future
events or otherwise. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to: changes in general
economic, business and political conditions and other risks detailed in the
“Statement Regarding Forward-Looking Information,” “Risk Factors” and other
sections of the Company’s Form 10-K and other filings with the Securities and
Kim Snider, 904.438.6278
FIS Global Marketing and Communications
Mary Waggoner, 904.438.6282
Senior Vice President
FIS Investor Relations
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