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NEW YORK — Less than two years from launch date.
Mercedes-Benz Financial Services revealed Thursday it has received more than
$50 million in payments via mobile channels.

In October 2009, Mercedes-Benz Financial Services introduced
an app for customers with iPhones to enable them to make monthly payments.  

That innovation was quickly followed in early 2010 with the
launch of a mobile version of mbfs.com, accessible from all smart phone devices
and capable of accepting monthly payments on loans and leases. In 2011, the
first full year that both mobile channels were available, the company received
$38 million in payments.

In mid-2010, Mercedes-Benz Financial Services became one of
the first companies in the world to adapt the consumer-oriented Apple iPad to a
business application by making the MBFS existing dealer portal, MB Advantage,
available on the iPad, thus introducing mobile capability to more than 350
Mercedes-Benz dealerships in the U.S.

"A significant portion of our customer base quickly adopted
mobile technology as a preferred method of making payments and communicating
with us," explained Michael Kanzleiter, senior marketing manager for
Mercedes-Benz Financial Services.

The company's mobile payment channels, including the apps
for iPhone and iPad and the mobile website, experienced a 127-percent growth
rate in 2011, reflecting customers' rapid adoption and the growing acceptance
of doing business via mobile channels.

In fact, nearly 40 percent of the total retail portfolio
of  511,000 customers is managing their
accounts with MBFS online, self-service methods including mbfs.com, the My MBFS
app, and the mobile website.

Kanzleiter said Mercedes-Benz Financial Services is
enhancing the existing app for the iPhone and iPad, enabling customers to
obtain monthly payment estimates on new Mercedes-Benz vehicles, and even
request a quote from a local dealer.

Customers will select their Mercedes-Benz model, choose a
retail or lease product and term, and the app will provide general payment
information.  Customers can provide an
email address and phone number to request additional information from a local
dealer.

Mercedes-Benz Financial Services Mobile Strategy Chronology

—MBFS launches iPhone app for customers to manage accounts
in October 2009.

—MBFS launches smartphone capability to manage accounts in
February 2010.

—MBFS pilots MB Advantage on iPad to 40 dealerships in May
2010.

—MBFS launches iPad rollout to all 356 dealers in October
2010.

—MBFS launches customer signature capability on the iPad in
October 2010.

—MBFS has received approximately $54 million as of year-end
2011 in retail lease/loan payments from iPhones and smartphones via a payment
channel established October 2009.