Dealer eProcess selected Informativ’s Payments API to power the payment calculation functionality within its digital retailing platform, Everest Retailing.

“The choice was clear,” Dealer eProcess COO Sam Vukas said in a news release. “Our review of payment data providers found that Informativ’s Payments API had fast response times, a flexible and functional platform, and competitive pricing.

“What really won us over was the setup and incredible customer service: no archaic management for API keys, no workflow disruption, and easy billing. We were live from day one,” Vukas continued.

Informativ, a provider of fraud prevention, compliance, credit reporting, and customer insights for automotive dealers, lenders, and other end markets, explained that its Payments API can deliver VIN-specific, real-time payment calculations that incorporate taxes, fees, applicable incentives, and credit-qualified financing terms across lease and loan scenarios.

The API also can apply lender-specific rules, OEM incentives, and local tax and fee structures at the VIN level, enabling software platforms to display payments that reflect what a consumer can transact.

Informativ said it is built on a REST architecture, supports high-volume usage, and is priced on a usage basis.

The company added its API also is designed to plug into an existing digital automotive platform without workflow disruption, and integration requires no proprietary hardware or dedicated credentials.

“Dealer eProcess runs a sophisticated digital retailing platform in the automotive space, and being selected after a direct competitive evaluation validates the strong performance of Informativ’s Payments API,” said David Domm, managing partner of payments at Informativ.

“We built the Payments API specifically for software providers who need accurate, transactable payment data that integrates cleanly into an existing product.  This partnership with Dealer eProcess is a direct application of that,” Domm added.

Informativ’s Payments API is available to automotive software providers across websites, digital retailing, messaging, desking, and marketing applications.

In addition, Informativ uses the payments technology to power its SmartPencil solution, which is embedded in the company’s compliance platform and is offered to dealers directly.

Informativ and Dealer eProcess are also collaborating in another way.

They will jointly present a free webinar at 1 p.m. (ET) on June 24 with a session, entitled “The FTC Sent 97 Warning Letters. Auto Retail Vendors Should Be Paying Attention.”

The companies will address the Federal Trade Commission’s March 13 warning letters to 97 auto dealership groups, recapping what they believe are the implications for automotive software vendors whose platforms display advertised prices, monthly payments, fees, or financing terms.

Chris Einterz, director of online retailing at Dealer eProcess, will present data from the Dealer eProcess implementation of Informativ’s Payments API, including results observed following the integration.

Registration can be at https://informativ.com/webinars/.