March 5, 2008 - PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], has announced a strategic partnership with DriverCheck, the company that founded the vehicle monitoring industry in 1986 and provides the familiar “How’s My Driving?” risk management program. The program can be linked with PHH Arval’s comprehensive safety programs or offered as a stand-alone service. Companies have experienced a 10% or greater reduction in accidents within 12 months of implementing the program.
Available in both the U.S. and Canada, “How’s My Driving?” is the latest addition to the PHH Arval suite of safety and collision management offerings, which help corporations and businesses develop a culture of safety and keep their employees, who drive company cars, trucks, and equipment, safer on the road.
“How’s My Driving?” reinforces the ability of PHH Arval clients to keep a closer watch on their drivers’ driving behaviors while they’re on the road. The decals provide a number to call if members of the public want to report a problem with a vehicle or to compliment a corporate driver. The call is taken by a live service rep in a 24/7/365 call center. Procedures following the call are customized to the client’s specific policy and include intervention by the driver’s supervisor, as well as posting the call report to a secure website. These reports can be included in risk assessment provisions of PHH Collision Prevention, PHH Arval’s comprehensive safety program, to add another source of information to predict and prevent vehicle collisions.
About DriverCheck
DriverCheck, Inc. a wholly owned subsidiary of Sertec Corporation, Atlanta, Ga., is a leading vehicle accident reduction service provider to the North American fleet community. The originator of the “How’s My Driving” concept enables thousands of fleets to reduce accidents, improve employee and public safety, and increase productivity. Visit www.drivercheck.net or call 866-553-2432 for more information.
PHH Arval
PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], is a leading fleet management services provider in the United States and Canada. PHH Arval provides outsourced fleet management solutions to corporate clients, including nearly one-third of the Fortune 500 companies. Through consultative expertise, flexible customer service, and award-winning internet technology, PHH Arval helps clients reduce costs and increase productivity. For more information, visit www.phharval.com, or call 800 ONLY PHH.
About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary, PHH Mortgage, is one of the top ten retail originators of residential mortgages in the United States(1), and its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information about the Company and its subsidiaries, please visit our website at www.phh.com.
(1) Inside Mortgage Finance, Copyright 2007
