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DataScan Provides System for Wells Fargo Lending Business

May 28, 2008

Alpharetta, Ga. -- DataScan Technologies LLC, a creator of automotive wholesale finance accounting and risk management systems, has been selected by Wells Fargo Equipment Finance Inc. as the systems provider for its floor plan lending business in the United States and its Canadian affiliate.

The Minneapolis-based Wells Fargo is now using DataScan’s Wholesale Management System, Dealer Access System, and Collateral Management System products to provide its customers with flexible lending products, detailed billing statements and online access to its floor plan accounts.

"Our best-in-class solutions work well for this industry by enhancing electronic communications between the floorplan lender and the equipment dealer," said Frank Armstrong, president of DataScan.

"DataScan’s state-of-the art floorplan solutions have streamlined our lending solutions through an easy-to-use, online interface. Our equipment dealers now have the tools they need to remain competitive," said Christopher Canney, vice president and director of IT for Wells Fargo.

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