Mastercard Adds New Benefits for World and World Elite Cardholders

The new benefits with Lyft, Fandango and Boxed will replace Mastercard’s extended warranty and price protection programs.

Full Article: https://www.nerdwallet.com/blog/credit-cards/mastercard-adds-new-benefits-world-world-elite-cardholders/

Budco Financial Services sells for $10.5 million

Budco Financial is a payment processing business that finances vehicle service contract programs for automotive OEMs.

Full Article: https://www.crainsdetroit.com/finance/budco-financial-services-sells-105-million

NAE/NWAN Announces New Powersports Service Contract Program

Cleveland, Ohio, April 10, 2019 – National Automotive Experts and NWAN (NAE/NWAN) is pleased to announce the launch of their brand new powersports service contract program.

The new program, Extreme Powersports, is designed to provide industry-leading mechanical breakdown protection for on-road motorcycles, autocycles, scooters, off-road motorcycles, ATVs, UTVs, golf carts, snowmobiles and personal watercraft. The new program provides new and pre-owned coverage for gas, diesel and electric units. Domestic, Asian and European manufactured units qualify for coverage. In addition, most Chinese and Indian manufacturers are also eligible for coverage.

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Asurion Teams Up with Staples to Help Customers Get More from Their Tech

New Protection and Support Plans Provide One-Click Access to a Live Tech Expert to Help with Everything from Setting Up Your New Device, Troubleshooting Wi-Fi, Optimizing Your Home Network and More

Full release: https://www.prnewswire.com/news-releases/asurion-teams-up-with-staples-to-help-customers-get-more-from-their-tech-300829595.html

Dealerscope 2019 Warranty Roundtable: What Warrants an ESP Sale?

Dealerscope article on service contracts in the appliance and electronics retail channel. Executives from AIG, Assurant, Asurion, Centricity, Mack, Marsh, OnPoint, Personal Safeguards Group, SquareTrade and Warrantech share initiatives.

Full Article: https://www.dealerscope.com/article/2019-warranty-roundtable-what-warrants-an-esp-sale/

Honda dealership fooled customers into buying useless warranties: Pennsylvania Attorney General Josh Shapiro

Pennsylvania Attorney General Josh Shapiro settles with car dealership over warranties the attorney general calls “valueless.”

Full Article: https://www.pennlive.com/news/2019/04/honda-dealership-fooled-customers-into-buying-useless-warranties-attorney-general.html

CARCHEX Named as a Vehicle Protection Plan Provider for Kelley Blue Book and Autotrader

CARCHEX and Cox Automotive announce a new relationship with CARCHEX named as a provider of vehicle protection plans beginning with KBB.com and Autotrader to follow.

Full Release: https://www.accesswire.com/541464/CARCHEX-Named-as-a-Vehicle-Protection-Plan-Provider-for-Kelley-Blue-Book-and-Autotrader

Phillips 66 to offer extended warranty guarantee for FA-4 10W-30 oils

Phillips 66 Lubricants announced that it has extended its product quality guarantee to protect heavy-duty fleets against lubricant-related failure in the engine when using Guardol FE 10W-30.

Full Article: https://www.fleetequipmentmag.com/phillips-66-extended-warranty-heavy-duty-engines-fa4-oils/

Chinese students allegedly conned Apple out of almost $1 million using fake iPhones

Warranty fraud is something many companies have to deal with, but being the most valuable firm in the US means it’s a particular problem for Apple. This was illustrated by two Chinese engineering students who allegedly conned Cupertino out of almost $1 million worth of iPhones.

Article: https://www.techspot.com/news/79524-chinese-students-allegedly-conned-apple-out-almost-1.html

ServicePower Announces Partnership with Safeware to Implement Comprehensive Third-Party Solution Suite

Safeware’s Authorized Service Network will use Claims, Dispatch and Onboarding solutions by ServicePower

Full Release: https://www.prnewswire.com/news-releases/servicepower-announces-partnership-with-safeware-to-implement-comprehensive-third-party-solution-suite-300821824.html