How Bumper’s New Partnership with Pinewood.AI Transforms Automotive Transactions

Person checks transaction on smartphone in office.

Revolutionizing Payment Processes in the Automotive Industry

Bumper's recent expansion of its partnership with Pinewood.AI marks a significant step in modernizing transaction processes for UK car dealerships. By launching an open banking integration with Pinewood.AI, Bumper is positioning itself to streamline payments, making transactions faster and more efficient for both dealers and customers.

Lower Costs and Enhanced Convenience for Dealers

The integration allows dealers to utilize Bumper's services for payments via bank transfer or credit card right from their Dealer Management Systems (DMS). This is already active in 200 UK dealerships. Retailers can now send payment requests through email or SMS, effectively allowing customers to pay directly from their bank accounts or by using various card options, including Apple Pay and Google Pay.

According to Kim Costello, Global Chief Marketing Officer at Pinewood.AI, this major integration has shown immediate benefits, reporting significantly lower transaction costs compared to traditional card payments. Dealers are experiencing faster payments and reduced administrative work—a win-win for the automotive retail industry.

The Future of Automotive Transactions

Pinewood.AI is not stopping here; they are also working on their next integration, PayPad. This innovation will empower dealers to process diverse transactions through Bumper, handling everything from in-store point-of-sale payments to offering flexible payment options like Buy Now, Pay Later. Such advancements reflect a growing trend in the automotive industry toward embracing technology to enhance operational efficiency and customer satisfaction.

Final Thoughts

The partnership's expansion signifies a transformative shift in how car dealerships handle payments. As the industry pivots towards more technology-driven solutions, Bumper's offerings are set to provide a competitive edge for dealers adapting to modern consumer needs. By facilitating seamless transactions, dealers can not only save costs but also improve the customer experience during every step of the transaction process.

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