CarPrices.com Selected as Exclusive Auto Shopping For Digital Insight
17 April 2000
CarPrices.com Selected as Exclusive Auto Shopping Provider For Digital Insight's New Financial Web Portal
SAN DIEGO--April 17, 2000--buying services through their Web sites
CarPrices.com, one of the leading and fastest-growing auto-related sites on the Web, announced today that it has signed an agreement with Digital Insight, the leading provider of outsourced Internet banking services for financial institutions.
CarPrices.com will be the exclusive automotive shopping site, providing CarPrices.com's soon to be released world-class auto configuration technology, automotive research, quote requests, price comparisons, and its unique reverse-auction New Car PriceWar(TM) service on AXIS(TM) eCommerce. AXIS is a customizable, revenue-generating financial Web portal for Digital Insight's financial institution clients.
"Our position as an objective, third-party resource to car buyers, with no affiliations to auto manufacturers, dealers or financial institutions, is a good fit for the AXIS eCommerce portal," said Ahmed Ghouri, co-founder and vice president of corporate communications at CarPrices.com. "Through the partnership, we can become the new-car online buying service for Digital Insight's 730 financial institutions, representing approximately 17 million customers."
"CarPrices.com's new car configuration technology and its New Car Price War service represents the next generation of new car buying," said Tej Mariyappa, eCommerce director at Digital Insight. "We chose CarPrices.com because of its strong technology capabilities, user-friendly interface, and commitment to our financial institution clients to help them generate new auto loan volume. CarPrices.com understands the special needs of community financial institutions and their dealer relationships."
Customers of the participating financial institutions will be able conduct all aspects of car buying through their bank or credit union's web site as a result of CarPrices.com's presence in the AXIS eCommerce portal. CarPrices.com will provide the ability to research vehicles, build a car by matching desires with manufacturer's specifications, conduct a PriceWar among local car dealers for their new car business, and purchase a car. The participating financial institution will provide seamless direct links to a secure loan application as part of the buying process. AXIS eCommerce provides a wide array of meaningful financial and revenue-generating products in addition to CarPrices.com's services in a convenient, secure web environment integrated with the financial institution's own products and content. This revenue generating service enables financial institutions to broaden their relationship with account holders and maximize fee income, without the significant expense and effort involved in developing a full-service financial portal on their own.
About CarPrices.com (www.carprices.com)
CarPrices.com, headquartered in San Diego, is one of the leading and fastest growing auto-related sites on the Web. CarPrices.com's website attracts more than 1.5 million visitors per month and is responsible for more than $2 million in new car sales per day. CarPrices.com is committed to serving as an objective, third-party resource for car buying consumers, and is the premier source of configuration technology to the automotive industry. Its ever-expanding product and service lines include:
-- New Car PriceWar(TM): PriceWar drives down new car prices for
buyers and increases sales efficiencies for dealers. It gives
customers the opportunity to submit a request for new car bids
online, which are forwarded to participating dealers. Within
24 hours, local dealers compete for the buyer's business with
exact prices and firm delivery dates on desired vehicles.
Customers select the bid that best fits their needs and work
with the selected dealer to complete the sale. The company
launched the New Car PriceWar service in San Diego in November
1999 and will expand nationally in the coming months.
-- World-class configuration technology: CarPrices.com has
developed and will soon release state-of-the art configuration
technology that allows consumers to intuitively and
interactively select desired cars by matching individual needs
and preferences to manufacturer specifications.
About Digital Insight Corporation (www.digitalinsight.com)
Digital Insight(TM) empowers financial institutions to provide Internet-based financial solutions to their retail and commercial customers via a cost-effective, outsourced service. The Company's unique AXIS(TM) architecture is the only ASP system designed to communicate in either real time or batch, based on the institution's core data processing system. AXIS is template-based, enabling retail and commercial Internet banking in multiple languages and across multiple access devices. Along with Internet banking, bill payment and cash management, Digital Insight continues to offer more innovative services to their clients. Profit generating opportunities are available with AXIS eCommerce, a financial web portal; AXIS Online Lending, a completely automated lending solution; and AXIS Advanced Target Marketing with its sophisticated data mining and predictive modeling capabilities. All of Digital Insight's products and services are secure, reliable, and scalable.
Digital Insight is the leading provider of Internet banking services to financial institutions. More than 730 financial institutions have contracted with Digital Insight for one or more of the Company's products and services. More than 750,000 customers of these institutions are actively using Digital Insight for their Internet banking. In addition to being an application service provider, Digital Insight also offers Website design, maintenance and hosting; customer service training and support; and marketing consulting services.
Digital Insight. Beyond Internet Banking.