Payments

Reynolds Company and Global Payments Collaborate on POS Solutions for Automotive Dealerships

On 19th May 2014, The Reynolds and Reynolds Company entered into an agreement with Global Payments Inc. to offer POS (Point-of-Sale) electronic payment solutions for automotive dealerships. Reynolds is a leading provider of automobile dealership services, forms and software.

"Consumers today expect their experience with the dealership to mirror their experiences with other retailers," said Ron Lamb, president of Reynolds and Reynolds. "That expectation applies whether the consumer is browsing the dealer's website or paying for service at the dealership. To meet those expectations, dealers are looking for the tools that support a familiar shopping experience for consumers. Certainly, one of those tools is secure, efficient payment processing with the dealership."

  • With this partnership, Reynolds will add the technology of Global Payments Inc. across Reynolds dealership management system (DMS) platforms as well as software solutions.
  • This is in order to deliver cost effective, secure and efficient payment solutions in-store, online and on smartphones.
  • Adding payment technology will also deliver several productivity benefits for dealership personnel, in addition to customer benefits, says the company.

"This partnership demonstrates the strength of Global Payments' distribution, combined with a differentiated service offering. Our ability to provide a breadth of integrated payment processing products and services is ideally suited to meet the needs of automotive dealerships, especially when combined with the strength of Reynolds' other technology offerings,” stated Eddie Myers, president of Global Payments' Integrated Solutions division, in a press release. “We continue to expand our technology channel across different vertical markets and segments," he added.

"As we looked for payment processing solution partners, we looked for companies that shared our vision for the consumer experience, security, and advanced technology. We found this in Global Payments, as well as a company with deep experience in their industry,” said Lamb, in the same release. “Adding this technology is one more step for Reynolds in helping dealers improve how their businesses operate and how they deliver a true retail experience to their customers."

Recent Partnerships:

On 1st April 2014, Global Payments Inc., one of the largest worldwide providers of payment solutions, announced an agreement to expand its relationship with Caesars Entertainment Corporation. Global Payments will now provide additional Caesars’ resorts with Global Payments’ PlayerCash @dvantage credit and debit card cash advance service, via Global Payments VIP LightSpeed platform.

On 27th March 2014, payments solutions provider – Global Payments Inc. – announced that it would integrate MasterCard’s Masterpass solution. This service enables users to utilize any enabled device or payment card for an enhanced shopping experience. MasterPass was launched in May, 2012.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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