Bumper, Pinewood.AI expand open banking and card payment partnership

Automotive fintech Bumper is deepening its partnership with Pinewood.AI by launching a new open banking integration that enables car retailers to process pay by bank and pay by card transactions directly from their dealer management systems (DMS).

Now live across more than 200 dealerships, the integration allows retailers to send payment requests via email or SMS, enabling customers to complete transactions using their bank accounts, debit/credit cards, or digital wallets such as Apple Pay and Google Pay.

Bumper is the sole provider of open banking services within the Pinewood.AI ecosystem in the UK and builds on its existing partnership through its PayLater option via Pinewood.AI’s vehicle health check tool.

Retailers benefit from lower transaction fees, faster payment processing, and reduced administrative effort. The platform also offers intelligent payment routing, only displaying relevant payment options to customers based on pre-set criteria to streamline the user experience and maximise cost savings.

“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,” said Daniel Christie, head of sales at Bumper.

“By integrating with existing dealership systems, it offers retailers greater efficiency and gives customers more flexible ways to pay.”

Open banking offers enhanced fraud protection and security benefits, adding another layer of assurance for both dealers and consumers.

Kim Costello, global chief marketing officer at Pinewood.AI, praising the rollout, said: “We’re delighted with this latest integration with Bumper, following a successful pilot earlier this year. Embedding Bumper’s Pay by Bank directly into Pinewood.AI helps streamline operations for retailers and improves convenience for customers.”

The companies have also confirmed that their next joint innovation - PayPad - is already in development. The solution aims to unify all transaction types through a single interface, including in-store PoS payments, remote card transactions, secure bank transfers, and Buy Now, Pay Later options.