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GE Capital Fleet Initiates 20-State Online Licensing and Renewal Pilot Program

14 January 2000

GE Capital Fleet Services Initiates 20-State Online Licensing and Renewal Pilot Program

    MINNEAPOLIS, Jan. 14 -- GE Capital Fleet Services has
launched a pilot program designed to provide commercial fleets with online
titling, licensing and registration renewal services. The program is currently
being tested at the Department of Motor Vehicles (DMVs) throughout 20 states.
    "The Internet is paving the way for the future, and more and more
government agencies are making the link to online service offerings," said Joe
Raasch, manager of licensing services for GE Capital Fleet Services. "By
processing licensing and renewals electronically through our RapidTag(TM)
program, we greatly improve speed and accuracy. That boosts our customers'
productivity, and DMVs save significant time by eliminating the need to
process huge volumes of transactions manually."
    According to Raasch, a typical licensing or renewal transaction, including
paperwork and processing can take up to three weeks. With GE Capital Fleet
Services online RapidTag(TM) application, processing and delivery can be
completed in as little as one day.
    "Working with DMVs to house information online is a great time saver for
customers, especially for those calling on specific requests," Raasch added.
"Information usually gathered manually with DMVs can now be accessed in
seconds with the click of a mouse. We can also better handle time-sensitive
cases on behalf of our customers. It's a win-win for all parties involved.
    "It's exciting to see the pilot program evolve. DMV's are clearly seeing
the benefits of online transactions and more and more states are coming on
board to access our service electronically."
    With headquarters in Eden Prairie, Minn., GE Capital Fleet Services is one
of the largest fleet management companies in the world with more than
1 million commercial cars and trucks under lease and service management. It
has operations in the United States, Canada, Mexico, Europe, Japan, Australia,
New Zealand and Brazil. GE Capital, with assets of more than US$300 billion,
is a global, diversified financial services company with 28 specialized
businesses. A wholly-owned subsidiary of General Electric Company, GE Capital,
based in Stamford, Conn., provides equipment management, mid-market and
specialized financing, specialty insurance and a variety of consumer services,
such as car leasing, home mortgages and credit cards, to businesses and
individuals around the world. GE is a manufacturing, technology and services
company with operations worldwide.