Car Finance 247

Dealerships faced several critical obstacles: manual bank transfer errors and fund clearance delays, high transaction fees from card payments, spending limits that hindered high-value purchases, and the need for improved customer payment experiences that would meet modern expectations.

Boodil's "Pay by Bank" solution leverages Open Banking for direct account-to-account transfers, seamlessly integrated into CF247's Dealer Management System for in-store payments, payment links, and online transactions. The solution provides instant fund settlement with real-time financial visibility, enhanced security through two-factor authentication, and a streamlined customer experience requiring minimal data entry.

The partnership delivered exceptional results: average 68% savings on transaction fees across dealerships, millions of pounds processed within the first months, significant reduction in administrative payment processing tasks, and staff able to redirect focus toward sales and customer service. The integration set a new benchmark in automotive retail payment efficiency.