News
May 22, 2008
Hydropool Selects Metavante to Launch Candadian Retail Financing Program
MILWAUKEE, May 22, 2008 – Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that it has launched a retail financing program for Hydropool Industries, Inc. in Canada. The Hydropool Finance program will be deployed in over 60 Hydropool retail dealer locations across Canada.
Hydropool will provide consumers with in-store point-of-sale financing using Metavante’s CreditWorx technology platform. CreditWorx is a browser-based lending platform that helps lenders and vendors (retailers, dealers and manufacturers) to drive greater loan volume, reduce costs and increase profitability. Metavante will also provide Hydropool with dealer support and training, loan contract auditing and funding fulfillment services.
“We were very impressed with Metavante’s expertise in executing retail financing programs for a wide variety of vendors,” said Robert Irvine, manager of territory development, Hydropool Hot Tubs. “We expect that the proven experience and capability of Metavante will benefit our dealers and also enable consumers to make purchases with added confidence, both which will help support our growth objectives,” Irvine added.
“The financing program will enable Hydropool to enhance the manufacturer/dealer relationship by providing our CreditWorx technology platform that offers clients a unique value proposition in the marketplace—a complete indirect loan origination solution that will enable the company to better compete in the hot tub and spa industry,” said Rick Arends, executive vice president of Metavante Lending Solutions. “Working with Hydropool presents us with a great opportunity to work with a vendor that has a long successful business history and makes it possible for Metavante to further expand its presence in the Canadian consumer lending marketplace.”
About Hydropool
Hydropool Industries Inc. originated in 1970 as a commercial swimming pool company and in 1978 became one of the first hot tub retailers in North America. Hydropool Industries is Canada’s premiere hot tub manufacturer with over 17 models, 32 configurations and 17 colors to choose from. Hydropool’s products are now sold through a 250-plus retailer network in over 40 countries around the world. Hydropool’s success continues to come from delivering a top-quality product that continues to exceed consumer expectations.
About Metavante
Metavante Technologies, Inc. (NYSE:MV) is the parent company of Metavante Corporation. Metavante Corporation delivers banking and payments technologies to over 8,600 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, business transformation services, and payment network solutions including the NYCE Network, a leading ATM/PIN debit network and provider of mobile financial services. Metavante (www.metavante.com) is headquartered in Milwaukee.
Metavante is a registered trademark of Metavante Corporation.
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