NewswireToday - /newswire/ -
Cape Town, Western Province, South Africa, 2008/10/08 - JD Group Limited (JD Group), one of Africa’s leading mass market retailers, has partnered with ACET Processing for the provision of outsourced consumer finance solutions.
JD Group encompasses nine Southern African furniture chains with over 1,000 stores, in addition to more than 50 stores in Poland. Issuing credit is a core aspect of the company’s operations.
JD Group has selected ACET’s unique processing solution for their retail credit portfolios, specifically the Hi-Finance product. In addition, ACET’s credit processing solution will provide JD Group with the ability to diversify into a wider range of credit products, such as revolving credit, all from one processing platform.
The ACET platform enables JD Group to make use of the industry-leading account processing system, VisionPLUS®. VisionPLUS is a one-source solution for all consumer finance needs with a robust processing platform, comprising integrated functions that manage all aspects of the credit lifecycle, including new account approval, customer management, collections, dispute handling and settlement.”
Mike Crawley, Managing Director at ACET Processing, comments, “We are very excited by the partnership with the JD Group, as ACET’s services will enable the JD Group to closely manage their existing credit products, whilst expanding into complementary product offerings. ACET is uniquely positioned to provide our customers with the world’s leading consumer finance processing system and the in-depth and specialist skills of our consultants at a competitive price point.”
About ACET Processing
ACET Processing is an outsourced financial services solutions provider that renders a wide range of processing services to a diverse client base of leading retailers, consumer finance organisations, banks and service providers.
ACET Processing (acetprocessing.com) is jointly owned by management, and First Data Corporation. Through this unique combination of proven state-of-the-art credit and risk systems, world-class outsourced processing expertise and established customer management solutions, ACET Processing provides clients across Africa with an unsurpassed range of services.
ACET Processing has formed a strategic partnership with T-Systems for the provision of the underpinning technology infrastructure and facilities management for the ACET technology platform.
Mike Crawley, Managing Director
T: +27 (0)21 681 2570
F: +27 (0)21 681 2561