NAPLES, Fla. -

Subprime auto finance company Exeter Finance Corp. on Monday selected the UP Bill Payment Solution offered by ACI Worldwide, a global provider of electronic payment and banking solutions. It’s a move both companies said is meant to simplify multiple bill payment services and dramatically reduce payment processing costs.

After embarking on a broad technology search to streamline its processes, Exeter chose ACI’s comprehensive and integrated electronic bill payment solution, which is designed to deliver the organization loan servicing simplicity and lower cost debit card payments.

“Exeter selected ACI Worldwide to drive our electronic payment processing efficiency and is excited to enhance our payment processing to meet all of our customers’ needs,” said Brett Bradley, assistant vice president of treasury at Exeter.

Mike Braatz, senior vice president at ACI Worldwide, added, “More auto finance companies are turning to ACI as more of their consumers are electing to pay with a debit card. In fact, we’ve doubled the number of debit card payments we process for auto finance companies over the past year.

“We provide these companies a flexible and scalable bill payment solution and long track record of success,” Braatz went on to say.