Zoot provides high level of efficiency, risk mitigation and scalability for the bank.
Zoot, a leading provider of advanced instant credit decisioning and loan origination solutions, based in Bozeman, Mont., announced today that it signed a contract extension with World’s Foremost Bank (WFB), the financial services branch of Cabela’s- a leading specialty retailer, and the world’s largest direct marketer, of hunting, fishing, camping and related outdoor merchandise.
Zoot’s relationship with Cabela’s CLUB program began in 1999 when the two companies worked together to develop a technology solution to prescreen customers via the telephone channel. Cabela’s World’s Foremost Bank expanded their utilization of Zoot solutions to provide permissible purpose offers through the website and retail channels. Following the implementation of Zoot’s decisioning and loan origination solutions, WFB was able to double its credit card applications without additional staff.
„Over the years Zoot has become a trusted partner to our company. Zoot’s decisioning and loan origination solutions have helped us achieve significant efficiencies internally, while managing risk effectively,“ said Joe Friebe, CEO of World’s Foremost Bank. „We look forward to our continued relationship with Zoot and the opportunities this brings to grow our business through the use of their leading-edge tools and services.“
Zoot fulfills clients‘ complex needs for multiple lines of business and enterprise-wide platforms through a flexible and configurable solution architecture that enables clients to adapt to the market in real time. Zoot’s hosted environment is completely scalable and robust, offering clients the capacity for growth while giving them cost-efficiency and reliability.
„In today’s econmomic climate it is increasingly important for financial institutions to leverage innovative lending strategies to facilitate customer retention and acquisition. For nearly a decade Zoot has provided technology that helps World’s Foremost Bank maximize customer interactions and grow their card portfolio,“ said Dennis Dixon, president of Zoot Enterprises. „Zoot is proud to serve World’s Foremost Bank and looks forward to many more years of a strong partnership.“
The recently signed contract extends the companies‘ relationship with Zoot providing WFB’s credit decisioning and loan origination services.
About Cabela’s
Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer, and the world’s largest direct marketer of hunting, fishing, camping and related outdoor merchandise. Since the company’s founding in 1961, Cabela’s® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World’s Foremost Outfitter®. Through Cabela’s growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela’s also issues the Cabela’s CLUB® Visa credit card, which serves as its primary customer loyalty rewards program. Cabela’s stock is traded on the New York Stock Exchange under the symbol „CAB“.
