About AFC Funding Corporation
AFC Funding Corporation is a wholly owned, bankruptcy-remote special purpose entity of Automotive Finance Corporation (AFC), a leading provider of floorplan (inventory) financing to independent vehicle dealers across North America. AFC sells the majority of its U.S. dollar-denominated finance receivables on a revolving basis to AFC Funding Corporation, which exists primarily to purchase and hold these receivables and to support AFC’s securitization and funding programs.([dnb.com](https://www.dnb.com/business-directory/company-profiles.afc_funding_corporation.4fb1466b7499e6c2711f5abdd974d349.html?utm_source=openai)) As such, AFC Funding operates behind the scenes in the broader OPENLANE (formerly KAR Global) group of automotive remarketing and financing businesses.([autofinance.com](https://www.autofinance.com/?utm_source=openai))
A charge labelled “AFC FUNDING CORP XPRESS PAY” on a bank statement typically reflects an ACH or electronic payment tied to dealer floorplan financing—often recurring or batched debits from a licensed auto dealer’s business account to pay down their AFC credit line. Bank statements and sample ACH records show descriptors such as “Orig CO Name: Afc Funding Corp … Descr: Xpress Pay Sec: CCD,” indicating commercial payments initiated through the ACH network.([nationwidecapitalsolution.com](https://nationwidecapitalsolution.com/wp-content/uploads/formidable/3/march-statement-.pdf?utm_source=openai)) These are usually business-to-business transactions, not consumer auto loans; if you are a dealership or wholesale vehicle buyer, they are likely legitimate payments associated with inventory financing, curtailments, or fees owed under your AFC floorplan.
To verify or resolve questions about an AFC Funding Corporation charge, dealers should first log into their AFC dealer portal or review their AFC account statement, where individual “Xpress Pay” debits and credits are itemized. If the transaction is not recognized, contact your local AFC branch or AFC corporate support using the contact details on autofinance.com or in your loan documents, referencing the date, amount, and trace/ID numbers that appear with the ACH entry.([autofinance.com](https://www.autofinance.com/?utm_source=openai)) Common issues include timing differences between when a payment is initiated and when it posts, multiple small debits that correspond to multiple units floored on the same day, or returned/adjusted items; AFC’s servicing team can confirm the underlying contracts and provide copies of payment histories if needed.