Reynolds and Reynolds selects FIS as its exclusive payment processing provider

By Pavithra R

The Reynolds and Reynolds Company, a leading provider of automotive dealership computer software, documents, and professional services, has selected FinTech leader FIS as its exclusive payments provider.

Under the multi year agreement, Worldpay from FIS has assumed all payment processing activities for Reynolds and Reynolds company’s integrated payment solution, ReyPAY, which provides a convenient, fast and contactless payment options for automobile dealerships and their customers. ReyPAY will have Worldpay’s cloud-based data security and dynamic reporting to better manage payment operations.

“ReyPAY is an integral part of the Reynolds Retail Management System and delivering the type of overall consumer experience that our dealership customers want to deliver. We have a lot of confidence in Worldpay’s innovation and vision for the future. It’s the type of partnership that we’re confident can lead to operational excellence and accelerate time-to-revenue for dealers, as well as be a major convenience for their customers,” said Jon Strawsburg, vice president of Product Management for Reynolds and Reynolds.

The partnership will enable Reynolds and Reynolds dealership customers to benefit from new accounting capabilities, including the ability to efficiently manage the payables process, further streamlining payment and reconciliation processes.

“Working with Reynolds and Reynolds, we are able to deliver smarter payment experiences for automotive dealerships and their customers in a secure and seamless way. Reynolds and Reynolds has a long history of excellence in the automotive industry, and we look forward to working collectively to help modernize dealers’ everyday operations with advanced payments and accounting processes,” said Dan Brames, Head of North America and International Merchant Solutions at FIS.

Recently, Brazilian credit card issuer Afinz selected FIS for card processing services.

Established since 1968, FIS is a provider of technology solutions for merchants, banks, and capital markets firms globally. It is a Fortune 500 company and is a member of Standard & Poor’s 500 Index. The FinTech supports real-time payments across the globe, processing instant transactions in 24 countries including the United States, India, China, Australia and the U.K.