AIADA Names Financial Transaction Services as Exclusive Payment Processing Partner
ALEXANDRIA, VA (Nov. 2)
The American International Automobile Dealers Association (AIADA) today announced a new affinity partnership with Financial Transaction Services (FTS), designed to provide dealer members with exclusive pricing on end-to-end payment processing solutions for credit, debit, EBT, gift card/loyalty, biometric authentication, and ACH check-processing. First Transaction Services is partnered with First Data, the global technology leader in information commerce.
“The ability to easily and securely accept any type of payment has become a fundamental element in maintaining dealership customer satisfaction and a critical component to closing deals,” said AIADA President Cody Lusk. “Financial Transaction Services offers a secure, low-cost solution to this problem, allowing our dealers to focus on what they do best: selling cars.”
FTS has over 15,000 clients with annual card volume exceeding 2.5 billion transactions. By partnering with FTS, AIADA dealers will have access to an exclusive pricing structure, a wide array of hardware and software solutions for payment processing, and unparalleled 24/7 customer and technical support to meet their unique needs. As an added bonus, FTS virtual payment processing technology, FTS Connect, allows dealers to do business online safely and efficiently.
“It is a true win/win,” says Matt Tanzy, president of the AIADA BankCard Program. “The dealers save money on their credit card processing, usually no less than $2,500 annually, and every time they accept a credit card for payment, money is funded back into the industry. I dont know why a dealer would process with any other processor.”
With the addition of Financial Transaction Services, AIADA is adding another world-class provider to its Member Benefits Program. AIADA researches hundreds of companies serving the auto industry and selects only those who provide the highest value and quality products, sales, and service to participate in the Member Benefits Program as an Affinity Partner.
About AIADA
Established in 1970, AIADA is and continues to be the only association whose sole purpose is to represent Americas 10,000 international nameplate automobile franchises that sell and service the following brands: Acura, Aston Martin, Audi, Bentley, BMW, Ferrari, Honda, Hyundai, Infiniti, Isuzu, Jaguar, Kia, Land Rover, Lexus, Maserati, Maybach, Mazda, Mercedes, MINI, Mitsubishi, Nissan, Porsche, Rolls Royce, Saab, Scion, Smart, Subaru, Suzuki, Toyota, Volkswagen and Volvo. These retailers have a positive economic impact both nationally and in the local communities they serve, providing more than 500,000 American jobs. Visit AIADA online at www.aiada.org.
About Financial Transaction Services
Financial Transaction Services is a full service provider of electronic transaction processing services for Merchants, Independent Sales Organizations (ISOs) and Financial Institutions. Financial Transaction Services offers a comprehensive line of solutions for credit and debit cards, gift cards, electronic check conversion, verification and guarantee as well as terminal services and online Payment Gateway Solutions.
