Newsbit

FIData Inc. and The Automark Group, Inc. Announce Automobile Inventory and Instant Loan Approvals Now Available From Credit Union and Auto Dealer Kiosks/Internet
06:53 p.m Mar 03, 1999 Eastern

SAN ANTONIO, March 3 /PRNewswire/ -- FIData Inc. and The Automark Group, Inc. announce an alliance to provide the auto industry and credit union industry customer operated self-serve kiosks to shop a dealer's inventory and obtain an instant credit union loan approval via the kiosk, the credit union's WEB site or the auto dealer's WEB site.

Credit union members can shop for the exact make and model vehicle that fits their needs and compare that vehicle to any other make and model under consideration. Visual information is presented on available accessories for each make and model as well as other information about the services offered by selected dealerships. Customized brochures are printable at the kiosk or from the WEB sites. Then, with the touch of a button, the member can obtain an immediate loan approval on the new or used vehicle of their choice. Loan approval information plus information/specifications about the selected vehicle are available for printing at a kiosk or via the WEB sites.

The Automark Touchvision(TM) system integrates fully with automobile dealership mainframe computers, providing credit union members with instant access to the inventories (with photos) of those 'Preferred Dealers' with whom the credit union has established relationships.

The FIData Instant Loan Approval(TM) technology offers members the opportunity to obtain a loan approval in less than [2] minutes. The FIData Instant Loan Approval scans the loan application for completeness, gets an online credit report, evaluates the application based on the underwriting criteria provided by the credit union, notifies the member of the results and sends all the information to the credit union loan department.

During the process, the credit union may offer information on other services, including warranties, credit insurance, credit cards and other loan programs. Instant approval for these products is also available through the kiosk and WEB sites.

The ease and accessibility to the credit union member through the combination of these technologies, and the 'no-hassle' policy agreed to by selected automobile dealers makes shopping for a car fun again.

The Automark Group, Inc. is the country's largest independent provider of touch screen kiosks and inter-active web sites for the automobile industry.

FIData, Inc. has served the credit union industry since 1987 providing self-service technology products so credit unions may expand hours of service without increasing hours of operation.

CONTACT:

David Stephenson

The Automark Group

daves@automark.net

408-268-0136

William Hammock

FIData, Inc.

888-253-6114

whammoc@ibm.net SOURCE FIData Inc.


Copyright 1999, PR Newswire



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