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Avis selects ACET Processing for launch of prepaid travel card

Johannesburg, 30 May 2006

Avis Rent A Car, South Africa`s leading car rental company, has selected ACET Processing to deliver a third party account processing solution that will provide for the launch and ongoing processing of the Avis prepaid travel card.

As part of its commitment to extend its range of value-added customer services, Avis is providing a prepaid travel card facility to customers who rent Avis vehicles. The card will be accepted for both fuel and non-fuel purchases at more than 600 selected filling stations throughout South Africa. Initially, this facility will be offered to inbound foreign tourists and at a later date to domestic car rental customers. Avis will have access to the state-of-the-art VisionPLUS 8.17 account processing system as hosted on the Avis Processing platform.

Lance Smith, Executive Director, Avis Rent A Car, states: "Having taken the decision to outsource the account processing component, Avis were able to focus on the launch of our new prepaid travel card without having to worry about any investment in additional technology, resources, software or infrastructure. By opting for an outsourced solution, the time to market that one would typically associate with the introduction of a first time consumer credit facility has been radically reduced. ACET Processing will provide our organisation with access to on-going account processing services which will add value to our business operations and customer service."

Mike Crawley, Director of Software Services at PIC Solutions, adds: "We are delighted to have Avis on board as a processing client. We believe that our service offering will provide Avis with the perfect platform from which to launch their future business initiatives while at the same time keeping a tight handle on the credit risk component."

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ACET Processing

ACET Processing provides third party processing for accounts, customers, events and transactions. With offices in Cape Town and Johannesburg, we offer clients across Africa access to both the VisionPLUS account processing system and the TRIAD account management solution. ACET Processing is jointly owned by PIC Solutions, the largest risk management consultancy in the Southern Hemisphere and First Data International. Through this unique combination of proven state-of-the-art credit and risk systems, world-class third party processing expertise and established customer management solutions, ACET Processing provides clients across Africa with an unsurpassed range of services. For more information, visit the ACET Processing Web site at www.ACETProcessing.com.

Editorial contacts

Mike Crawley
PIC Solutions
(021) 680 6000
Info@PICSolutions.com