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WirelessDevNet.com Press Release

Mercedes-Benz Financial Receives $2.5 Million in Mobile Payments


Mercedes-Benz Financial, the first auto finance company to give its customers the convenience and mobility to manage their accounts anytime, anywhere has received approximately $2.5 million in payments from customers via their mobile devices since launching its iPhone™ app last October.

"Our customers' response to the convenience of managing their accounts with their iPhone or iPod Touch™ was so overwhelmingly favorable, it convinced us to be ready for new iPad™ users who are also customers of Mercedes-Benz Financial," said Andreas Hinrichs, Vice President of Marketing for Mercedes-Benz Financial. "When the iPad officially launched last Saturday, an upgrade of the Mercedes-Benz Financial app compatible with the iPad was available for our customers and for Mercedes-Benz enthusiasts. Additional advantages for us include paperless transactions and the resulting cost efficiencies in processing payments."

Now, with more than 11,000 downloads and  3,000 lease or loan payments since the October iPhone app launch, Mercedes-Benz Financial is providing that same convenience and flexibility to owners of the new iPad who have accounts with Mercedes-Benz Financial.

The Mercedes-Benz Financial app is available for free from the App Store on the iPad, iPhone and iPod Touch or at www.itunes.com/appstore/.

Mercedes-Benz Financial account holders must first register online at Mercedes-BenzFinancial.com to access the account management features of the app. Detailed instructions are available at www.Mercedes-BenzFinancial.com/mobile. In addition to making payments on either leases or retail loans, customers can also view their account summary and request payoff quotes.

All iPad, iPhone and iPod Touch users, even those who are not Mercedes-Benz Financial customers, will be able to locate the nearest Mercedes-Benz authorized dealer location, contact a customer service representative and see what's new from Mercedes-Benz Financial.

Just last month, Mercedes-Benz Financial announced expanded personalized and convenient account management features to all of its customers using smart phones like BlackBerry®, Droid® and other mobile devices with internet capability.  So far over 1,000 payments have been received and the mobile web site, www.Mercedes-BenzFinancial.com/mobile has received over 7,800 visitors.



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