Tag Archive | "F&I Express"

Cox Automotive Acquires F&I Express®


ATLANTA and GRAPEVINE, Texas Cox Automotive Inc. (CAI) today announces the acquisition of Intersection Technologies Inc. d/b/a F&I Express. F&I Express is dedicated to leading the aftermarket industry into the digital age with innovative technology solutions. The deal furthers Cox Automotive’s mission to transform the way the world buys, sells, owns and uses cars.

Both companies have a history dating back to Spring 2013, when Autotrader and Intersection Technologies leaders first met and decided to work together to further an initiative we know today as Digital Retailing.

F&I Express will operate as a wholly-owned subsidiary of Cox Automotive Inc.(CAI), which also includes Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime, and will be a part of the Retail Solutions Group within CAI. While specific financial terms of the deal are undisclosed, all F&I Express employees will remain in their current roles at F&I Express, and the business unit will operate out of its current Grapevine, TX location.

“Combining assets, including a vast F&I providers network and unbeatable new technology, will create a competitive advantage driving continued value for dealers, agents, providers, and lenders,” said Mike Barrington, Senior Vice President Retail Solutions Group Sales, Digital Retailing and F&I Solutions. “As both pioneers and innovators, they’ve done an outstanding job of giving lenders and dealers who use multiple providers one place to go to rate, contract and register F&I products. Together, F&I Express and Cox Automotive will continue to deliver the services and solutions F&I Express has been delivering to the market.”

With industry-leading digital marketing, financial, retail and wholesale solutions for consumers, dealers, manufacturers, lenders and the overall automotive ecosystem worldwide, the Atlanta-based Cox Automotive has 34,000+ team members in more than 200 locations worldwide, and partners with more than 40,000 auto dealers as well as most major automobile manufacturers.

“F&I Express has developed innovative solutions via its technology, to connect the automotive marketplace to F&I providers,” said Brian Reed, CEO and Co-founder, F&I Express. “Joining Cox Automotive gives F&I Express deeper resources and broader talent to deliver innovative technology solutions and superior service that will help position F&I Express as an unbeatable contender in this industry.”

Express Recoveries is an optimized eCancellation solution connecting lenders, providers and dealerships to streamline the cancellation and recoveries process in an efficient and compliant manner. Express Digital Media gives digital retailers the power to educate car shoppers online with accurate and dynamic aftermarket rates and content.

For more information about either company, please visit Dealertrack.com or fandiexpress.com.

Posted in P&A NewsComments (0)

Moxy Solutions Joins F&I Express Platform


GRAPEVINE, Texas — F&I Express today announced that MOXY Solutions is now on its platform. The integration of the Southern California company’s IMOXY platform adds aftermarket F&I product provider Red Shield to F&I Express’ network of more than 160 providers.

MOXY provides a system designed to streamline the sales and deal closing process for product administrators, dealers, agents and finance companies. Additionally, the company’s IMOXY web and mobile portal provides an easy way to monitor transactions, view rate programs, and identify any special rules or guidelines from various administrators.

“F&I Express integration sets the stage for expanding our IMOXY web and mobile portal to Agents, VSC, and aftermarket product administrators and financial entities at an accelerated rate,” said JJ Demma, managing partner at Moxy Solutions.

Brian Reed, CEO and president of F&I Express, added: “One of our core values at F&I Express is relationship building. We look forward to the opportunity to expand our network by adding Moxy Solutions and Red Shield to the platform.”

Posted in P&A NewsComments (0)

F&I Express® Names Gary Peek Chief Information Officer


GRAPEVINE, Texas – Intersection Technologies Inc.- F&I Express is thrilled to announce that Gary Peek has joined the business team as Chief Information Officer. Peek will be a key contributor to the direction and planning of the strategic growth of F&I Express, including the development of expanded technology solutions to help continually drive innovation in the marketplace. Peek will be responsible for managing all aspects of information technology and shape product vision and technology strategy.

“I am excited to join F&I Express and be a part of the rapid growth that the company is experiencing and to work with Brian Reed, an automotive industry veteran,” said Gary Peek, CIO of F&I Express. “The F&I technologies that are being built for lenders, dealerships, and aftermarket providers is changing rapidly, and I am confident that F&I Express will continue to be at the forefront of companies providing software and services in this vertical.”

Peek brings more than 20 years of experience in the vertical market software industry including strategic planning, mergers/acquisitions, business development, and product and software engineering strategies to F&I Express. Before he joined F&I Express, Peek served as the Vice President of IT Business Solutions for Rent-A-Center, Inc. (RAC) where he managed a large technology team providing application development, quality control, product management, solution architecture, and enterprise data services across multiple business units. Prior to RAC, Peek was responsible for strategy, business case development, and global vendor management for technologies used by KFC, Pizza Hut, and Taco Bell restaurants outside the U.S. as the Director of Restaurant Technology Strategy for Yum! Restaurants International. Peek has also founded and grown highly successful software companies from the ground up with technologies primarily focused on the restaurant industry being used by companies around the globe.

F&I Express is also happy to welcome Mike Llewellyn to the F&I Express team. As the Express Recoveries Product Manager, he will be instrumental in supporting and leading the overall growth of the business for this complete solution for streamlined, compliant eCancellations. Llewellyn will work closely with customers and across technology and account management teams to ensure customer needs are met and solution strategies are successful.

“I am ecstatic to be part of the dynamic growth at F&I Express, joining this extremely passionate and talented team,” said Mike Llewellyn, Express Recoveries Product Manager, F&I Express. “I am focused on further enhancing one of our best-in-class solutions, Express Recoveries, enabling lenders and dealers to obtain aftermarket product cancellations and refund data, while solving business problems that arise in our ever-changing marketplace landscape.”

Llewellyn has over 20 years of experience in Product Management and a history of customer-centric focus in e-commerce environments. Llewellyn held a number of roles at Sabre Airline Solutions before joining F&I Express, from Manager, Solution Marketing Ancillary Sales to Manager, Solution Marketing Self-Service to Manager, E-Commerce Delivery. He successfully led e-commerce airline booking portals at global airlines as well as promoted new features driving an increase of ancillary revenues for airlines. Llewellyn also reinvigorated the revolutionary MySabre agency point-of-sale portal with product enhancements, increasing adoption by 57%. Prior to Sabre, Llewellyn was an Account Executive at American Airlines where he was recognized with both the Circle of Distinction and Bulls Eye awards for outstanding sales growth and visionary leadership.

“We are excited to welcome Gary Peek to our business team as Chief Information Officer at F&I Express. He will be key to our strategic growth plan to expand and improve our technology solutions at an explosive rate,” said Brian Reed, President and CEO of F&I Express. “Mike Llewellyn will be another valuable addition to the F&I Express team. We look forward to the contribution he will make to further develop the success of our eCancellation solution, Express Recoveries.”

Posted in P&A NewsComments (0)

F&I Express and F&I Administration Solutions Form a Strategic Partnership to Create the First Electronic F&I Product Cancellation Process in the Industry


The integration of F&I Express and F&I Admin addresses the issues that have come forward in recent months about major problems lenders are encountering with aftermarket product cancellations. Express Recoveries, F&I Express’ eCancellation solution, helps solve the issues and moves the manual process to an electronic connection between lenders and providers, which allows for streamlined and compliant cancellations.

The Express Recoveries℠ platform from F&I Express enables lenders to submit F&I product cancellation requests directly and simultaneously to dealers and product providers. The integrated Express Recoveries/F&I Admin platform creates an electronic network that accelerates the processing and recovery of refunds for cancelled F&I products. In addition, full cancellation lifecycle reporting improves the ability of lenders to comply with the changing regulatory environment, and to better service their dealer and consumer customers.

Rich Apicella, GM of the Express Recoveries program at F&I Express explained, “Lenders require access to data from their product provider and dealer partners to fulfill their regulatory obligations for product cancellations. By offering an integrated platform, the F&I Express and F&I Admin team provides the tools and market transparency so that lenders, product providers and dealers can work together more efficiently to ensure consumers receive the product cancellation refunds they are entitled to.”

Lenders are held legally liable by state and federal regulators to process cancellations in a compliant and timely manner. The nation’s leading lenders who are using the Express Recoveries solution have authorized F&I Express to securely manage their cancellation process.

“We are very pleased to be the first to work with F&I Express to develop this electronic solution to a problem that has been in existence for many years,” said Kumar Kathinokkula, COO of F&I Admin. “Not only will this streamline the process and ensure lenders can deliver to their regulatory requirements, but this will also add significant efficiencies to our F&I product administrator customers.”

For more information, visit fandiexpress.com.

Posted in P&A NewsComments (0)

F&I Express Announces Initiative to Electronically Integrate Major Auto Lenders with F&I Providers to Streamline the Aftermarket Product Cancellation Process.


F&I Express is pleased to announce details of an initiative currently underway on behalf of major auto lenders in the US to improve the aftermarket product cancellation process. Using our F&I Express platform called Express Recoveries, lenders are able to obtain cancellation refund amounts and electronically file product cancellation requests as a result of repossession and payoff directly with product providers. Express Recoveries provides lenders a more streamlined and accelerated process for filing product cancellations, and also delivers a cancellation management and reporting system used by lenders to assist with CFPB and State Compliance examinations.

By electronically connecting the lenders to the F&I Providers, it dramatically streamlines the cancellation process for lenders, F&I Providers, and the dealers. This allows the lenders to have the transparency they need from a compliance and process standpoint. In addition, the platform has a systematic way to show regulators and lenders the status of cancellation. This will eliminate ongoing telephone calls to dealers and providers.

More than a dozen auto lenders are currently using Express Recoveries in their product cancellation process. Integration discussions with F&I Providers are underway, with most major providers expected to be connected by mid-year 2017. Rob Berger, Executive Vice-President of Wise F&I and also President of the Guaranteed Asset Protection Alliance (GAPA) said, “Through integration with the Express Recoveries platform, we will streamline our cancellation management by moving to an electronic process rather than the largely manual one that we have today. In addition, the connectivity will support lender Compliance requirements and improve our service levels to lenders, dealers and consumers.”

“F&I Express has developed the largest Aftermarket F&I Provider Network in the industry to connect dealers with providers for the origination of F&I products” said Brian Reed, CEO of F&I Express. “Now we are connecting the lender community to F&I providers to streamline the product cancellation process for lenders, providers, and dealers while significantly enhancing the regulatory compliance capabilities of lenders,” Reed added.

F&I Express expects to announce several more top twenty lenders joining the Express Recoveries platform in the coming weeks. Together with F&I Express, Dealertrack and their national lender sales force are marketing the platform to their existing lender customers. Lenders or F&I Product Providers who are interested in learning more about the Express Recoveries platform can contact Rich Apicella at email hidden; JavaScript is required or your local Dealertrack Lender Representative. You can also learn more at the Dealertrack booth at the upcoming AFSA and NADA conventions in New Orleans.

Posted in P&A NewsComments (0)

Mechanical Breakdown Protection, Inc. Partners with F&I Express


LEE’S SUMMIT, Mo.  Mechanical Breakdown Protection, Inc. (MBPI), a top rated administrator, is pleased to announce a partnership with F&I Express. This innovative technology cuts costs, increases efficiency, and adds a new element of customer satisfaction. This partnership will help the F&I office increase sales penetration and improve dealer and customer satisfaction by decreasing customer delivery time.

“MBPI’s new partnership with F&I Express will allow dealerships a new and effective way to offer our wide range of F&I products to the consumer. It will also eliminate the need for double entry, which makes life easier for F&I Managers.” – Barry Kindler, MBPI National Sales Manager

To learn more about MBPI, visit the website at mbpnetwork.com.

To learn more about F&I Express, visit the website at fandiexpress.com.

Posted in P&A NewsComments (0)

Page 1 of 912345...Last »
css.php