NetSol Technologies Implements Mobile Payment Solution ‘mAccount’ for MotoLease
June 16 2016 - 8:00AM
NetSol Technologies, Inc. (Nasdaq:NTWK), a global business services
and enterprise application solutions provider, today announced that
MotoLease, a provider of financing solutions exclusively for the
motorcycle and power sports markets, has implemented NetSol’s
mAccount for mobile payments and processing, part of the NFS
Mobility suite of products.
mAccount is a self-service mobile solution that empowers finance
and leasing customers to manage their contracts and gain better
visibility and control over payment plans and cycles, while also
reducing wait time for inquiries through an easy-to-use chat and
email feature. For dealers, the application provides a powerful
backend system to directly engage customers, reducing the number of
inbound calls and improving turnaround time for repayments.
“We chose to implement NetSol’s NFS mAccount solution to further
improve customer service, providing our customers with a convenient
way to track and make payments on-the-go, and reduce wait time for
their inquiries,” said Emre Ucer, Managing Partner of MotoLease.
“From a business standpoint, the application is expected to help
improve cash flow, as customers make timely, verified payments
through the application, while reducing our call center costs. It
also gives us another channel to inform customers about current and
upcoming promotions.”
Along with a dealer locator that helps users find the nearest
brick-and-mortar dealerships, NetSol’s NFS mAccount also includes a
rule-based promotions capability that allows MotoLease to broadcast
targeted promotional campaigns through a geo-fencing capability to
segment audiences based on region and other factors.
“NetSol’s NFS mAccount is a powerful mobile application that
helps auto finance and leasing companies better engage with
customers, while streamlining operations, and saving costs,” said
Jeff Bilbrey, President of NetSol North America. “With the adoption
by MotoLease of our solution in North America, and additional
reference sites throughout the world, we look forward to helping
auto captives, equipment captives, banks and other finance and
leasing companies – regardless of whether they are a customer of
our finance and leasing platform improve productivity, enhance
customer engagement, save costs, and power new ways of conducting
business.”
NetSol’s NFS Mobility enables finance and leasing companies
across different channels, including point-of-sale, field
investigation, collection, and auditing, as well as allowing end
customers to access their contract details through self-service
mobile applications. NetSol’s NFS Mobility is backend agnostic and
can connect to any back office leasing and finance system. For more
information, visit http://mobility.netsoltech.com/
About MotoLease
MotoLease is a technology-based, privately held specialty
finance company exclusively serving the power sports market.
MotoLease is a full credit spectrum provider originating leases
through a network of over 1,000 power sports dealers
nationwide.
About NetSol Technologies
NetSol Technologies, Inc. (Nasdaq:NTWK) is a worldwide provider
of IT and enterprise software solutions primarily serving the
global leasing and financing industry. The Company’s suite of
applications are backed by 40 years of domain expertise and
supported by a committed team of more than 1,500 professionals
placed in eight strategically located support and delivery centers
throughout the world. NetSol’s solutions - NFSTM, LeasePakTM,
LeaseSoftTM or NFS AscentTM – help companies transform their
finance and leasing operations, providing a fully automated
asset-based finance solution covering the complete leasing and
finance lifecycle.
Forward-Looking Statements
This press release may contain forward-looking statements
relating to the development of the Company's products and services
and future operation results, including statements regarding the
Company that are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
projected. The words “expects,” “anticipates,” variations of such
words, and similar expressions, identify forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, but their absence does not mean that the statement is not
forward-looking. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties, and
assumptions that are difficult to predict. Factors that could
affect the Company's actual results include the progress and costs
of the development of products and services and the timing of the
market acceptance. The subject Companies expressly disclaim any
obligation or undertaking to update or revise any forward-looking
statement contained herein to reflect any change in the company's
expectations with regard thereto or any change in events,
conditions or circumstances upon which any statement is based.
Investor Contacts:
PondelWilkinsonMatt Sheldon |
investors@netsoltech.com (310) 279-5975
Media Contacts:
PondelWilkinsonGeorge Medici | gmedici@pondel.com (310)
279-5968
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