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Dealers Get Direct Deposit Option From GE Auto Warranty Services

June 22, 2004

LAKEWOOD, Colo. -- GE Auto Warranty Services gives dealers the option of receiving claim payments by Direct Deposit.

"Cash flow is extremely important for dealers, and Direct Deposit gives them a cost-effective solution to waiting for reimbursement checks in the mail," said John Wilmot, vice president of operations.

Receiving payments via direct deposit saves dealers the hassle of dealing with paper checks. But dealers can still opt to receive checks in the mail, which are usually paid within four days, or credit card payments, which usually take only 30 minutes to go through. Direct Deposit funds are paid within two days.

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