Credit Online, Inc., a member of The First American Corporation, announced May 28 that Capital One Auto Finance has joined its CreditOnline Network, an e-commerce service taht provides lenders with electronic connectivity to auto dealers, credit bureaus and other lenders.
"The CreditOnline Network enhances our ability to stay connected to auto dealers throughout the application process," sais Larry Rodriguez, Capital One Auto Finance's national director of sales. "By expediting the process from days to minutes, we are able to provide dealers, and ultimately consumers, with the best service possible."
According to the company, similar to an ATM network, the CreditOnline Network enables businesses of all sizes to evaluate the credit worthiness of their prospective customers and electronically route credit applications via the Internet to participating lenders and finance companies.
"We're pleased that our technology can play a role in meeting the needs of Capital One and its customers," said Howard L. Tischler, Credit Online's president and CEO. "We've already enabled approximately 500 of our CreditConnection auto dealers to send electronic applications to Capital One and we're adding more each week." Currently, the company says the Network consists of more than 30 prime and nonprime banks and finance companies located throughout the United States and Canada.
About Credit Online, Inc.
Credit Online is the e-commerce subsidiary of First American CMSI. The company says it credit enables business-to-business transactions through its Internet gateway. Headquartered in Annapolis Junction, Md, the company also licenses credit-decisioning systems for consumer and business credit. For more information, visit www.cmsinc.com.
About The First American Corporation
As a provider of business information, the First American Corporation says it supplies businesses and consumers with information resources that affect major economic events. The First American Family of Companies operate within seven primary business segments. For more information, visit www.firstam.com.
About Capital One
Headquartered in Falls Church, Virginia, Capital One Financial Corporation (www.capitalone.com) is a holding company whose subsidiaries, Capital One Bank and Capital One F.S.B., offer consumer lending products.
