Leader in salvage industry modernisation first to offer Payit™ digital payments
IAA, Inc., a leading global digital marketplace connecting vehicle buyers and sellers, announced that its UK-based business unit has expanded its payment offerings through the addition of Payit by NatWest, a fast, safe and secure mobile transaction and digital payment solution. Using Payit, IAA buyers can make payments directly from their bank accounts for vehicles purchased.
“Payit saves our buyers time and creates more flexibility by quickly and efficiently processing online transactions on a wide variety of devices, without additional processing fees”
“Payit saves our buyers time and creates more flexibility by quickly and efficiently processing online transactions on a wide variety of devices, without additional processing fees,” said Steve Hankins, UK Managing Director for IAA. “With payments complete in a matter of minutes, the platform expedites vehicle release, and gives buyers more time to focus on other essential aspects of their businesses. We are pleased to extend this new secure and convenient payment option to our buyers.”
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Integrated with IAA’s payment system, NatWest’s Payit platform connects seamlessly with all major UK banks to enable buyers to transfer funds within minutes, whether on a desktop, laptop, mobile or tablet. The Payit platform leverages the UK’s Open Banking infrastructure to allow buyers to connect to their banks’ mobile or online banking portals securely with their existing login credentials. Payit allows buyers to log in using their existing credentials and make payments free of charge.
Users should consult their banks for complete information on transaction fees and limitations.
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IAA, Inc. is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles. Headquartered near Chicago in Westchester, Illinois, IAA has nearly 4,000 employees and more than 200 facilities throughout the U.S., Canada and the United Kingdom. IAA serves a global buyer base – located throughout over 170 countries – and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organizations. Buyers have access to multiple digital bidding and buying channels, innovative vehicle merchandising, and efficient evaluation services, enhancing the overall purchasing experience. IAA offers sellers a comprehensive suite of services aimed at maximizing vehicle value, reducing administrative costs, shortening selling cycle time and delivering the highest economic returns.
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