Bank One Custom Finance(R) Connects to DealerTrack(TM) eContracting Technology to Bring Seamless Electronic Financing to US Auto Dealers

MELVILLE, N.Y., June 22 -- Underscoring its commitment to providing US automotive dealers with a faster and more convenient financing process, Bank One Custom Finance has deployed electronic contracting technology developed by DealerTrack, a technology services company that speeds automotive financing through its online DealerTrack(TM) platform. By leveraging the DealerTrack eContracting product, dealer customers of Bank One's sub-prime product and car-buying consumers will benefit from an easier and less paper-intensive contracting process.

Launched in late 2002, DealerTrack eContracting allows dealers to complete contracts electronically (including digital customer signatures) and to electronically transmit those contracts directly to participating financing sources. This process eliminates time-consuming paperwork, while reducing "contracts-in-transit" -- the paper contract copies typically express-mailed between dealers and their financing sources. eContracting speeds the entire process for both dealers and financing sources, allowing dealerships to receive their funding as quickly as the same day.

"Bank One Custom Finance is a top player in the auto finance arena and will play an important role in helping to expand adoption of electronic contracting by dealers across the country," said Mark O'Neil, DealerTrack president and chief executive officer. "With the help of Bank One and other forward-looking financing sources, DealerTrack is leading the way toward a more efficient and more profitable financing process."

"Automation of the credit application and decisioning process has brought tangible benefits to all stakeholders in automotive finance," said Bill Jensen, National Subprime Manager, Bank One. "We expect the automation of the contracting process to drive significant efficiencies for our dealer customers, as well as for Bank One. Integration with this type of innovative solution is in keeping with our emphasis on providing the best possible service to our dealers."

Bank One Custom Finance has been connected to DealerTrack's core functionality, The F&I Tool Suite, since November of 2002, enabling dealers to electronically submit credit application data to Bank One, monitor application status, access credit reports and take advantage of a range of other time- saving functionality. With the addition of eContracting functionality, Bank One Custom Finance dealer customers will now be able to conduct the entire financing process electronically, from credit application all the way through to contracting. This seamless process is further supported by DealerTrack's recent integration of its eContracting product with top DMS providers.

Bank One Custom Finance is one of many financing sources which will implement eContracting in a phased approach. By 2005, DealerTrack expects to triple the number of financing sources connected to eContracting. This rising number is one more way eContracting will help dealers increase efficiencies and reduce time-consuming errors.

About DealerTrack, Inc.:

With over 24,000 dealers and over 70 financing sources currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire automotive financing process. The DealerTrack suite of products -- which work together as one easy-to-use, integrated solution -- includes: credit report access; credit application processing; electronic contracting; desking tools; activity reporting; and a dealer Web site product. Additionally, the DealerTrack platform features integration with top dealer management systems for credit reports, credit application processing and electronic contracting. Through its participation in AFSA, ASC X9, SPeRS, STAR and other organizations, DealerTrack continues to drive industry-wide technology standards to support the total financing process. More information on DealerTrack is available at http://www.dealertrack.com/ or by calling 877-357-8725.

About Bank One:

Bank One has more than 50 years experience in the automotive industry. A full spectrum of products and services are available to more than 8,000 dealers nationwide. Bank One Corporation is the nation's sixth largest bank holding company, with assets of $326 billion. Bank One currently has more than 50 million credit cards issued, making it the largest Visa card issuer in the world. Bank One offers a full range of financial services, and serves nearly 7 million retail households and 20,000 middle market customers. It also manages $187 billion of clients' investment assets. On January 14, 2004, Bank One Corporation and J.P. Morgan Chase announced an agreement to merge, forming the second largest bank in the U.S. and the largest bank provider of indirect vehicle financing. Additional information can be found on the Web at http://www.bankone.com/.

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