LAKE SUCCESS – DealerTrack is offering a $25,000 Red Flags Guarantee to current and new subscribers of its Compliance Solution, a suite of compliance tools available in the automotive retail industry.

The new Red Flags Guarantee from DealerTrack will cover associated government-issued fines up to $25,000, should a dealership be cited for non-compliance with the Red Flags Rule while using the DealerTrack Compliance Solution.

“With auto identity theft on the rise, a new era of regulatory requirements has emerged, and DealerTrack has dealers covered when it comes to compliance,” said Robert Granados, vice president and general manager, Finance Solutions, DealerTrack.

“Backed by our extensive experience navigating the compliance and regulatory landscape and years of safeguarding dealers from identity theft, we can confidently offer this guarantee. No other company delivers the breadth of compliance safeguards coupled with such a guarantee.”

The DealerTrack Compliance Solution helps protect a dealership throughout the sales and F&I process, including credit reports and Red Flags, credit application submissions, menu presentations, and document storage and retrieval.

The solution allows dealers to work all deals on one fully integrated and secure platform to streamline the process and protect their dealership and its customers.

The Red Flags Rule, which is enforced by the Federal Trade Commission (FTC), requires businesses and organizations to adopt and implement an Identity Theft Prevention Program. The program should be designed to detect, prevent and mitigate identity theft when establishing or maintaining consumer credit and certain business accounts.

The potential liability dealers could face from not complying with the rule includes, but is not limited to, $3,500 per violation under the Fair and Accurate Credit Transactions Act of 2003, up to $16,000 in penalties under the FTC Act, and potential lawsuits from the FTC and State Attorney Generals.

COLLEYVILLE – DealerTrack has become the newest company to join a leading group of lenders, vendors and aftermarket product providers. DealerTrack, a leading provider of software and services for the automobile industry, was awarded a free Industry Membership in the nonprofit Association of Finance & Insurance Professionals in a special drawing held at the eighth annual Housing & Auto Finance Workshop.

This membership, valued at $3,500, will enable DealerTrack to offer valuable AFIP products and services to their clients at a rate significantly lower than retail. In addition to its other offerings, DealerTrack clients will have access to the popular AFIP Certification Program courses, allowing them to certify their F&I personnel in the federal and state regulations that apply to auto finance and leasing to defend against expensive fines and lawsuits or damaging media exposés.

Additionally, because AFIP Certified F&I Professionals sign AFIP’s industry-derived code of ethics, DealerTrack dealers can be confident that their personnel can be held personally accountable for their dealings with customers.

Upon awarding the prize, AFIP Executive Director David Robertson noted, “DealerTrack has a great reputation and we’re excited to find out how we can help them give their dealers one of the most valuable training programs in the auto industry.”

LAKE SUCCESS – DealerTrack Holdings, Inc. today announced that the number of active lenders connected to its DealerTrack credit application network has reached 1,000 U.S. lenders.

The DealerTrack credit application network allows dealers to electronically submit credit application data to the industry’s largest and most diverse network of banks, independent finance companies, captive finance companies, credit unions and regional banks. The DealerTrack credit application network has grown from five lenders in 2001 to 1,000 lenders today.

“The DealerTrack credit application network has been the foundation upon which we have built DealerTrack. We continue to draw strength from our success in this area as we grow into the only truly open and integrated, end-to-end solution provider for the automotive retailing industry,” said Mark O’Neil, chairman and chief executive officer, DealerTrack Holdings, Inc.

“As the nation’s economic recovery continues, we are seeing more and more lenders of all types join our credit network, and become active in the indirect auto finance market. We believe that the addition of new lenders to our network is an extremely positive sign for dealers, giving them confidence that a broader range of competitive financial resources are available to help them sell more cars.”

The credit application network is one component in the DealerTrack Performance Suite of solutions. The integrated DealerTrack Performance Suite is the industry’s most complete offering of high-value automotive management solutions and services for dealers, including Dealer Management Systems (DMS), Inventory Management, Sales, F&I, Compliance, and Processing Solutions and Services.

CHARLOTTE – e-autobusiness, a provider of the AEROS CRM Software Suite for automotive retailers nationwide, announced Wednesday its certified integration with the DealerTrack Dealer Management System (DMS).

The integration, approved via DealerTrack’s OpenTrack Certification program, allows for seamless and secure connectivity between the AEROS CRM application and the DealerTrack DMS. The certified integration ensures the integrity of the customer, vehicle, F&I, general ledger, service and parts data exchanged between the two companies’ systems, reported F&I and Showroom.

“As DealerTrack continues to forge its leadership as a diverse technology solutions company for the automotive industry, it’s important that our dealers recognize e-autobusiness and its solutions as certified by DealerTrack to meet the customer relationship management needs of today’s auto retailers,” said Christian Thornton, managing director of e-autobusiness.

“DealerTrack is committed to supporting technology needs through our OpenTrack Program, which enables secure, real-time integration between systems running in a dealership and DealerTrack solutions,” said Allan Stejskal, vice president and general manager of DealerTrack DMS. “Working closely with OpenTrack-certified partners, such as e-autobusiness, we can deliver an effective, easy and affordable integration platform that allows our mutual dealer customers to use the solutions that best fit their needs and businesses.”

The addition of a certified integration with the DealerTrack DMS now ensures that AEROS seamlessly integrates with all major DMS systems in use by automotive retailers.

e-autobusiness’ AEROS CRM Software Suite, is a modular application that lets dealers build the level of sophistication in their CRM that best fits their business needs and budget. Dealers can add components as needed, over time. Certified by 15 manufacturers, the AEROS Software Suite helps dealers experience bottom-line results in sales, service, F&I, special finance, and parts, while providing web-based CRM, internet lead management, BDC control, lease and finance desking, and new media customer marketing.

DAYTON & LAKE SUCCESS – The Reynolds and Reynolds Company and DealerTrack, Inc., today announced that the companies will develop new certified interfaces between their solutions, as part of the Reynolds Certified Interface (RCI) Program.

Extending their long-standing relationship and commitments to providing the industry with compatible interfaces, the companies will develop certified interfaces between the Reynolds ERA® DMS and the DealerTrack AAX, eMenu and Salesmaker solutions. The new interfaces are in addition to certified interfaces with Reynolds’ DMS and DealerTrack’s credit application processing and eContracting solutions.

The RCI Program provides a standardized approach to handling dealership data from a Reynolds DMS in a safe, secure, and verifiable manner, which improves the security and supportability of interfaces for both dealerships and third-party vendors, reported DealerTrack.

“Delivering secure and reliable certified interfaces between the various systems that a dealership may use is critical to their success and the smooth running of a dealer’s operations,” said Raj Sundaram, senior vice president, DealerTrack, Inc. “With this certification, we can ensure that our common dealer customers will be able to securely and seamlessly exchange information between DealerTrack’s F&I solutions and the Reynolds ERA DMS platform.”

DealerTrack is committed to supporting dealers’ technology needs through its OpenTrack program that enables secure, real-time and seamless integration between systems running in a dealership and DealerTrack systems and solutions.

Since 2005, Reynolds and Reynolds has been working with dealerships, OEMs, and other software providers in the automotive industry on the safe, secure, and verifiable exchange of dealership data with a Reynolds DMS.

“While Reynolds and DealerTrack remain competitors, cooperating on developing certified interfaces between our solutions is in the best interest of our mutual dealership customers,” said Trey Hiers, vice president of Marketing for Reynolds. “And, that’s who both our companies are serving in the most efficient and most effective ways possible. For Reynolds, this is one more example of our focus on developing the technologies that help improve dealership productivity and deliver results for dealers.”

The Reynolds approach to data management provides a number of methods for dealerships to work with the vendor of their choice in a safe, secure, and supported manner in handling dealership data. This includes the Reynolds Certified Interface (RCI) Program.