The integration between Vyne and Pendragon uses open banking to eliminate the need for manual bank transfers. It follows the recent announcement that Vyne will deliver open banking payments to Pinewood, one of Pendragon’s solutions for automotive dealer management.
The first stage of the partnership will involve in-showroom account-to-account payments being offered by all Pendragon brands, When a customer is ready to make a deposit, the sales team will initiate a payment link to the customer, who can then make the deposit payment directly from their phone while at the dealership or later from the comfort of their own home if they prefer.
