Bumper has launched a new open banking integration with Pinewood.AI that enables car retailers to process Pay by Bank and Pay by Card services directly from their dealer management systems (DMS).
The integration is already live across 200 UK dealerships with more sites set to follow in the pipeline.
The system works by retailers sending payment requests to customers by email or SMS, containing a link for them to pay directly from their bank accounts.
Beyond ease of use, the open banking integration provides enhanced security and protection against fraud for both retailers and customers, while also facilitating Bumper’s Pay by Card service using credit cards, debit cards, Apple Pay and Google Pay.
Daniel Christie, Bumper’s head of sales, said: “This major integration expands our relationship with Pinewood.AI and is already delivering significantly lower costs per transaction for dealers, compared to traditional card payments.
By integrating with existing dealership ecosystems, it brings together all our payment options in a more efficient way for retailers using the Pinewood Automotive Intelligence Platform, enabling them to offer customers more choice when paying their bills.”
Kim Costello, global chief marketing officer at Pinewood.AI, said: “We’re delighted with this latest integration with Bumper, following the completion of a successful pilot at the beginning of the year.
“Offering Bumper’s Pay by Bank directly on Pinewood.AI will help streamline retailer processes by avoiding the need for them to work across different systems.
“The integration is already delivering the convenience of an open banking option for car owners, while helping our retailer clients cut administration time and reduce transaction costs.”
The move establishes Bumper as Pinewood.AI’s sole provider of open banking services in the UK, building on the companies’ long-standing partnership that previously saw Bumper’s PayLater service offered through Pinewood.AI’s vehicle health check tool.
Dealers benefit from lower transaction fees, faster payments and reduced administration time, with the integration providing intelligent routing of payments to maximise savings and remove friction by only displaying payment methods relevant to the customer based on pre-set thresholds.
Looking ahead, Pinewood.AI has confirmed it is currently working on its next integration with Bumper: PayPad. This solution will provide dealers partnered with Pinewood.AI a unified payment experience, enabling them to process every type of transaction through Bumper, including in-store PoS payments, remote card transactions, secure bank-to-bank transfers and flexible Buy Now, Pay Later options.
