Drive Financial Services Selects VINtek for Title Management Services

[PHILADELPHIA, Oct. 23, 2008] - VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, announced that Dallas-based Drive Financial Services, d/b/a Drive Financial, a nationwide lender with a $6.2 billion non-prime auto portfolio and relationships with approximately 12,000 dealers in all 50 states, selected VINtek as its title management provider.

"We selected VINtek as our new title management provider because of its record of accurately managing both paper-based and paperless vehicle collateral," said Carolyn Prater, vice president of originations for Drive Financial Services. "Its business process outsource (BPO) title management solution enables us to maintain high levels of title perfection to mitigate risk and ensure our security interest, something that is especially important since we provide automotive financing to non-prime borrowers. We can do all this with VINtek while simultaneously reducing our operating costs."

"In the current economic environment, lenders need to be increasingly diligent about the status of their liens because delinquencies and repossessions are projected to increase," said Larry Highbloom, president of VINtek. "When sourcing a collateral management provider, lenders should look beyond initial pricing and seek out providers who possess high lien perfection rates, have the ability to offer the latest technologies such as Web-based Software-as-a-Service collateral management applications incorporating paper and paperless title technology, and have positive referrals from existing customers and third parties such as officials from the Department of Motor Vehicles.

"VINtek introduced paperless title technology, known as Electronic Lien and Title (ELT), in Pennsylvania and Georgia, as well as eSignature and eContracting in support of consumer DMV processing.

About Drive Financial Services® Drive Financial Services Inc.
("SC USA") is one of the fastest-growing companies in the automotive finance sector. With its Drive® (www.drivefinancial.com) and RoadLoans (www.roadloans.com) brands, SC USA is a provider of finance programs that cover the entire non-prime spectrum. The company began originating loans in 1997, and is headquartered in Dallas, with offices in North Richland Hills, Texas. The company is owned by Banco Santander (NYSE: STD), a leading global bank with 66 million customers. About VINtek Founded in 1990, Philadelphia-based VINtek provides automotive collateral management services and direct auto finance solutions for banks, credit unions and other auto finance institutions. VINtek helps lenders increase customer satisfaction and operating efficiency while simultaneously decreasing costs and errors associated with collateral management through the introduction of innovative consumer loan servicing technologies. VINtek holds two U.S. patents on automotive lien processes and is the recipient of numerous industry awards for its processing services. For more information, visit www.vintek.com.

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Media Relations
Sarah Cannon
Media contact for VINtek
(678) 781-7216