Electronic payment and banking solutions provider ACI Worldwide announced this week that finance company Veros Credit has selected its UP Bill Payment Solution to provide customers a wide variety of convenient choices for paying their auto loans — including debit card and ACH payments via online and phone.

Veros Credit provides auto financing solutions in more than 20 states. The company specializes in the acquisition and servicing of vehicle retail installment contracts through a vast network of franchised and independent dealers.

Veros Credit partnered with ACI to not only increase its customer engagement, but also to better manage transaction costs, while maintaining a high level of security.

“We strive to offer the best customer experience, which means ensuring we provide the easiest way to meet customers’ transportation needs,” said Harvey Singh, senior vice president of loan servicing at Veros Credit.

“ACI’s long track record of success within auto finance allows us to maintain this commitment, as we continue to foster both long-term and expanded relationships with our customers,” Singh continued.

Electronic bill presentment and payment (EBPP) services are part of ACI's UP Bill Payment solution. ACI's Universal Payments (UP) portfolio of solutions can orchestrate all aspects of payments processing for any payment type, any channel, any currency and any network.

“Customers want to pay their bills quickly and easily, and we’re delighted to work with organizations like Veros Credit to strengthen their customer loyalty,” said Mike Braatz, senior vice president at ACI Worldwide.

“As auto lenders look to grow their businesses, they’re focused not only to strengthening dealer relationships, but also enhancing the customer experience to increase repeat customers,” Braatz added.