MSTS, a global B2B payment and credit solutions provider, and PACCAR Parts, a global leader in the distribution, sales and marketing of aftermarket transportation parts, are celebrating 10 years of partnership. Through a decade of close collaboration, MSTS’ solutions have enabled PACCAR Parts to scale more quickly, expand in multiple markets and increase customer satisfaction.
Through the PACCAR Parts Fleet Services Program (PPFS), MSTS’ Credit as a Service™ solution provides contract price management, underwriting, billing, business system integrations, branded customer and dealer support and training, connects a disparate merchant network and assumes the credit risk for PACCAR and its dealers.
“Our goal is to provide our partners like PACCAR with the payment services they need to expand their business and find sustainable growth,” said Chief Customer Officer at MSTS, Martha Salinas. “We’re proud of our partnership with PACCAR, and the success of the program is a testament to both our top-of-the-line solutions and PACCAR’s strategy, innovation and dedication. We look forward to continuing to provide customizable services to support them in further expanding their business in the years to come.”
Enterprise level Credit as a Service™ (CaaS) is fully customizable and enables the PACCAR Parts Fleet Services program to conduct sales seamlessly into their fleet networks. CaaS is a suite of applications and services which enable companies to access robust payment and credit solutions, sophisticated managed services and smart integrations to power global commerce.
“Ten years of partnership marks an era of tremendous transformation for PACCAR Parts,” said Director of Fleet Services at PACCAR PARTS Mark Santschi. “When searching for a provider, we needed a company able to provide a single solution streamlined enough for ease of use, yet flexible enough to meet the unique demands of our international partners.”
The first transaction on the program took place in Springfield, Missouri in 2009. Since then, PACCAR Parts has expanded the PPFS program from one country to 23 countries, with total transactions skyrocketing from less than 40,000 to more than one million in 2019. Additionally, PACCAR Parts Fleet Services is now operating through 13 currencies and 14 languages.
To learn more about MSTS’ credit and payment solutions, visit https://www.msts.com.
About MSTS:
MSTS is a financial technology company, working globally with B2B companies across transportation, manufacturing, retail and eCommerce. MSTS’ Credit as a Service solution accelerates business commerce by streamlining payments and A/R processes. On behalf of its clients, MSTS processes over $5 billion in transactions a year. MSTS, a wholly-owned subsidiary of World Fuel Services Corporation, has 40 years of experience underwriting businesses for credit and facilitates transactions for its customers in over 190 countries and territories. For more information, visit https://www.msts.com.
About PACCAR Parts:
PACCAR Parts drives uptime for fleets of all sizes with industry-leading products, services and customer support. PACCAR Parts operates a global network of 18 parts distribution centers that offer aftermarket parts sales support to DAF, Kenworth and Peterbilt dealerships and TRP stores around the world. PACCAR Parts distributes quality products under the DAF, Kenworth, Peterbilt, PACCAR Genuine and TRP brands for all makes of trucks, trailers, buses and engines, as well as select OEM and aftermarket brands from around the world. Regardless of the make, model or age of the truck, PACCAR Parts takes pride in providing quality brands that exceed customer expectations. For more information, visit PACCARParts.com.
