News
October 6, 2008
HORLUXE SELECTS METAVANTE TECHNOLOGY TO LAUNCH
LEASING PROGRAM
MILWAUKEE, October 6, 2008 – Metavante (NYSE: MV), a leading provider of banking and
payments technology, today announced that it has been selected by Horluxe to provide
CreditWorx technology to originate leases for luxury watches. Horluxe will offer the specialized
watch lease program across the United States and use Metavante’s CreditWorx platform to
provide an in-store point-of-sale leasing program to consumers.
Metavante offers clients like Horluxe a complete indirect loan origination solution by combining
its CreditWorx technology with comprehensive services and integrated products like special
financing, insurance, etc.
“We selected Metavante for their extensive retail finance expertise and robust technology that
provides us with a first-class solution to fit our unique needs,” said Geoffrey D. Lurie, chief
executive officer at Horluxe. “We expect that Metavante’s Web-based CreditWorx platform will
be very well received by many retailers who opt to offer our watch lease program. Exclusive
watch and jewelry retailers can use the system to capture customer application data, get a
credit decision, and close a sale in minutes.”
“Our CreditWorx technology offers Horluxe a complete origination solution that will simplify the
entire origination process for their watch lease program,” said Rick Arends, executive vice
president of Metavante Lending Solutions. “Horluxe and their clients will benefit from an easyto-
use online leasing platform that includes integrated digital signatures, resulting in a very
positive financing experience for both retail staff and consumers.”
About Horluxe LLC
Horluxe LLC delivers consumer lease finance products to the merchants of fine timepieces
throughout the United States. Horluxe LLC’s financial products and services are the only
consumer lease products offered at the point-of-sale for the fine timepiece retail industry in the
United States. Horluxe employs state-of-the-art electronic origination platforms to deliver
financial products in real-time to its merchant partners. Horluxe LLC (www.horluxe.com ) is
headquartered in New York City.
About Metavante
Metavante Technologies, Inc. (NYSE:MV) is the parent company of Metavante Corporation.
Metavante Corporation delivers banking and payments technologies to over 8,000 financial services firms and businesses worldwide. Metavante products and services drive account
processing for deposit, loan and trust systems, image-based and conventional check
processing, electronic funds transfer, consumer healthcare payments, electronic presentment
and payment, business transformation services, and payment network solutions including the
NYCE Network, a leading ATM/PIN debit network. Metavante (www.metavante.com) is headquartered in Milwaukee.
Metavante is a registered trademark of Metavante Corporation.
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