U.S. Bank, a division of U.S. Bancorp, has announced it has joined the list of
lending institutions utilizing the DealerTrack™ auto finance platform. U.S. Bank says it will accelerate
its dealer-to-lender relationships by making its lending services available to dealers currently
utilizing the DealerTrack auto finance platform.
U.S. Bank had previously been a participant on Credit Online's CreditConnection® network.
Following DealerTrack's recent acquisition of Credit Online, U.S. Bank has now migrated to the
DealerTrack platform - providing its dealer customers with access to the best of both worlds.
U.S. Bank's dealer customers who use DealerTrack are now able to electronically submit loan and
lease applications to the lender. Dealers can also use the platform to monitor changes in
application status, share information instantly with lenders on the system and access low-cost
credit reports. In addition, DealerTrack says it now offers dealers the ability to integrate with leading
dealer management systems.
"U.S. Bank considers DealerTrack a true and established leader in the electronic auto financing
market," said Tom Wirth, senior vice president of U.S. Bank. "We welcome the combination of
CreditConnection and DealerTrack functionality and are encouraged by the larger pool of dealer
customers available on the platform. We believe the level of service we will be able to offer our
dealers through DealerTrack is critical to our continued success in this area of our business."
"We are proud to welcome U.S. Bank to the DealerTrack family," said Mark O'Neil, DealerTrack
president and chief executive officer. "We know that U.S. Bank has seen a significant return on
its electronic finance application investment through its use of CreditConnection, and we
anticipate similar positive returns for both U.S. Bank and its dealer customers as they make the
transition to the DealerTrack platform."
About DealerTrack
With over 20,000 dealers and over 30 lenders currently connected, DealerTrack is an independent Web-based platform that automates and accelerates the entire dealer-to-lender
relationship, from financing to daily information sharing. The DealerTrack suite of products
includes credit application processing, credit bureau access, electronic contracting and lease
comparisons - all in one integrated solution. Additionally, the DealerTrack platform
features integration with top dealer management systems for credit application processing and
credit bureau access. More information on DealerTrack is available at www.dealertrack.com or by
calling 877-357-8725.
About U.S. Bank
U.S. Bancorp, with assets in excess of $182 billion, is the 8th largest financial services holding
company in the United States. The company operates 2,200 banking offices and 4,582 ATMs, and
provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and
payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the
Five Star Service Guarantee which assures customers of certain key banking benefits and services or
customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank.
Visit U.S. Bancorp on the web at www.usbank.com.
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