Reynolds and Reynolds Selects FIS as its Exclusive Integrated Payment Processing Provider
November 05 2020 - 2:00PM
Business Wire
Key facts
- FIS will be the exclusive payment processing provider for
Reynolds and Reynolds.
- FIS will partner with and support Reynolds and Reynolds’
payment processing expansion plans across North America.
Financial technology leader FIS® (NYSE: FIS) has been selected
as the exclusive payments provider to The Reynolds and Reynolds
Company, a leading provider of automotive dealership software,
documents, and professional services.
Under the multi-year agreement, Worldpay from FIS has assumed
all payment processing activities for Reynolds and Reynolds’
integrated payment solution, ReyPAY®, which provides fast,
convenient, and contactless payment options for automobile
dealerships and their customers. ReyPAY will now have Worldpay’s
cloud-based data security and dynamic reporting to better manage
payment operations.
Through the new Worldpay partnership, Reynolds and Reynolds
dealership customers will also benefit from new accounting
capabilities, including the ability to more efficiently manage the
payables process, further streamlining payment and reconciliation
processes.
“ReyPAY is an integral part of the Reynolds Retail Management
System and delivering the type of overall consumer experience that
our dealership customers want to deliver,” said Jon Strawsburg,
vice president of Product Management for Reynolds and Reynolds. “We
have a lot of confidence in Worldpay’s innovation and vision for
the future. It’s the type of partnership that we’re confident can
lead to operational excellence and accelerate time-to-revenue for
dealers, as well as be a major convenience for their
customers.”
“Working with Reynolds and Reynolds, we are able to deliver
smarter payment experiences for automotive dealerships and their
customers in a secure and seamless way,” said Dan Brames, Head of
North America and International Merchant Solutions at FIS.
“Reynolds and Reynolds has a long history of excellence in the
automotive industry, and we look forward to working collectively to
help modernize dealers’ everyday operations with advanced payments
and accounting processes.”
About Reynolds and Reynolds
Reynolds and Reynolds is a leading provider of automobile
dealership software, services, and forms to help dealerships
deliver better business results and transform the customer
experience. The company is headquartered in Dayton, Ohio, with
major U.S. operations in Houston and College Station, Texas, and
Celina, Ohio, as well as operations in Canada, the U.K., and
Europe. (https://www.reyrey.com/)
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our employees are
dedicated to advancing the way the world pays, banks and invests by
applying our scale, deep expertise and data-driven insights. We
help our clients use technology in innovative ways to solve
business-critical challenges and deliver superior experiences for
their customers. Headquartered in Jacksonville, Florida, FIS is a
Fortune 500® company and is a member of Standard & Poor’s 500®
Index. To learn more, visit www.fisglobal.com. Follow FIS on
Facebook, LinkedIn and Twitter (@FISGlobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20201105005735/en/
Thomas Schwartz, Media Contact Reynolds and Reynolds Office:
937.485.8109 Mobile: 937.269.9569 thomas_schwartz@reyrey.com Kim
Snider, Senior Vice President FIS Global Marketing and
Communications 904.438.6278 kim.snider@fisglobal.com
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