back Back

Xerox Financial Services signs Lexmark as its first OEM partner

By Pavithra R

March 08, 2021

  • USA
  • Xerox

Xerox Financial Services signs Lexmark as the first OEM clientXerox Holdings Corporation has announced signing Lexmark as the first original equipment manufacturer (OEM) client for Xerox Financial Services (XFS), a new global payments solutions business.

XFS, which finances both the needs of Xerox and third-party workplace technology, will provide financing for selected Lexmark Managed Print Services (MPS) engagements.

“Lexmark selected XFS as a financing partner based on their experience in imaging products and services. We look forward to working with XFS to provide additional financing options for this important part of our business,” said Brock Saladin, senior vice president and chief commercial officer for Lexmark.

XFS expands on its decades-long track record of financing Xerox equipment and services to become a one-stop-shop for financing critical workplace needs, including software, hardware, IT services and other assets sold by both Xerox and third-party companies. It will also continue to support Xerox Business Solutions (XBS) companies, as well as external multi-brand dealers.

Besides offering simplified billing and bundled offerings, XFS will use robotic process automation to power near-instant loan processing, creating a seamless customer experience.

“Businesses are reimagining their workplaces to maximise productivity, flexibility and collaboration for a post-COVID world. XFS makes leasing and financing easier by bringing the stability and trustworthiness of Xerox plus fintech-like speed, simplicity, and automation to the process,” said Nicole Torraco, senior vice president, Xerox Financial Services.

XFS is available in the US and will subsequently roll out internationally.

Previous Article

March 08, 2021

Citi unveils digitized documentation for cross-border payments

Read More
Next Article

March 08, 2021

Top 10 FinTech deals of February 2021 (UK & Europe version)

Read More

Advertise with us

IBSi Daily News Analysis

FinTech future

May 17, 2022


Keeping up in a crowded market requires FinTech collaborations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


BforBank selects Temenos on Google Cloud to power expansion

Read More

May 16, 2022 secures $40m investment to scale open banking payments in Europe

Read More

May 16, 2022

Gravystack raises $5.2m to launch gamified financial literacy banking platform

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More