Reynolds and Global Payments Sign Agreement to Offer Fully Integrated, Secure Electronic Payment Solutions for Automobile Retailers
Two Leading Providers in Their Respective Industries Join Forces to Help Dealers
Improve Business Operations and the Consumer Experience
DAYTON, Ohio, and ATLANTA – May 19, 2014 – The Reynolds and Reynolds Company and Global Payments Inc. (NYSE: GPN) today announced an agreement to offer point-of-sale, electronic payment solutions for automotive dealerships. Reynolds is a leading provider of automobile dealership software, services, and forms. Global Payments is one of the largest worldwide providers of payment solutions.
As part of the agreement between the two companies, Reynolds will add Global Payments’ payments technology across Reynolds dealership management system (DMS) platforms and software solutions to deliver secure, cost-effective, and efficient electronic payment solutions in-store, online, and on mobile devices.
“Consumers today expect their experience with the dealership to mirror their experiences with other retailers,” said Ron Lamb, president of Reynolds and Reynolds. “That expectation applies whether the consumer is browsing the dealer’s website or paying for service at the dealership. To meet those expectations, dealers are looking for the tools that support a familiar shopping experience for consumers. Certainly, one of those tools is secure, efficient payment processing with the dealership.”
Lamb noted that adding payment technology will also deliver a number of productivity benefits for dealership personnel, in addition to the consumer benefits.
“This partnership demonstrates the strength of Global Payments’ distribution, combined with a differentiated service offering,” stated Eddie Myers, president of Global Payments’ Integrated Solutions division. “Our ability to provide a breadth of integrated payment processing products and services is ideally suited to meet the needs of automotive dealerships, especially when combined with the strength of Reynolds’ other technology offerings. We continue to expand our technology channel across different vertical markets and segments.”
Lamb concluded: “As we looked for payment processing solution partners, we looked for companies that shared our vision for the consumer experience, security, and advanced technology. We found this in Global Payments, as well as a company with deep experience in their industry. Adding this technology is one more step for Reynolds in helping dealers improve how their businesses operate and how they deliver a true retail experience to their customers.”
Reynolds and Reynolds is the automotive industry’s largest and most trusted provider of automobile dealership software, services, and forms to help dealerships improve business results. The company is headquartered in Dayton, Ohio, with major U.S. operations in Houston and College Station, Texas, and Celina, Ohio. In Canada, Reynolds has operations in Mississauga, Ontario, and Montreal, Quebec. Visit Reynolds online at www.reyrey.com.
About Global Payments
Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
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