Miami, FL, August 14, 2012 – Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), has partnered with Equiant Financial Services, a premier supplier of outsourced services for consumer receivables. The strategic alliance gives Interval resort clients access to a range of management services at preferred rates.
Founded in 1986, Equiant is one of the largest independent providers of receivables services to the shared ownership industry. The company creates custom solutions to assist developers, homeowners’ associations, property management companies, and other clients maximize revenues and improve their overall business performance.
“Equiant’s extensive experience, service-focused culture, and key relationships within the industry were factors in executing this agreement,” said Bryan Ten Broek, Interval’s senior vice president of resort sales and business development. “Along with third-party collection services available through Meridian Financial Services, developers can now take advantage of a suite of financial services critical to their operating efficiency and success. We believe this combination represents a unique value and opportunity for our affiliates.”
Member resorts that choose to participate in this Interval Affiliate Advantage can receive preferential pricing on a variety of products, including: loan servicing; maintenance fee billings; document custody services; payment processing; delinquency control; analysis and reporting; and member services such as a Web portal available 24/7 for account information.
“Equiant is a results-driven company, and we understand we must earn our partners’ business each and every day,” said Frank Morrisroe, Equiant president. “After a thorough review of a client’s challenges, we assess options, identify appropriate services, and then employ advanced tools and technology to build solutions that give our clients a long term competitive advantage.”
Equiant is the newest addition to Interval’s Affiliate Advantages program, a collection of value-driven products that provides member resorts with preferential access to services, discounted rates – or a combination of both, to enhance marketing and sales efforts and to improve overall operational efficiencies.
Interval International operates membership programs for vacationers and provides value-added services to its developer clients worldwide. Based in Miami, Florida, the company has been a pioneer and innovator in serving the vacation ownership market since 1976. Today, Interval has an exchange network of approximately 2,700 resorts in more than 75 nations. Through offices in 15 countries, Interval offers high-quality products and benefits to resort clients and about 2 million families who are enrolled in various membership programs. Interval is an operating business of Interval Leisure Group, Inc. (Nasdaq: IILG), a leading global provider of membership and leisure services to the vacation industry.
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Interval International, 6262 Sunset Drive, Miami, FL 33143www.intervalworld.com www.resortdeveloper.com