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Payment Plan

PayLink Direct, Omnisure Group Announce Merger

The merger creates what officials describe as the largest vehicle service contract payment plan provider in the United States. The new entity will operate under the PayLink Direct brand. Rebecca Howard, cofounder of PayLink Direct, will serve as CEO.

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Solving the Pay Plan Dilemma

F&I professionals are outpacing the earnings of their colleagues in the sales department and even at the executive management level, and every attempt to relevel the playing field has its pros and cons.

Budco Financial Integrates VSC Financing Plan Into iTapMenu

Budco Financial has integrated its interest-free financing plan for service contracts into iTapMenu’s tablet F&I menu.

Westlake Financial Adds ACI UP Bill Payment Solutions

ACI Up Bill Payment Solutions will allow Westlake customers to pay their loans with a debit card or ACH, which can accept payments online, through a mobile device, or via phone or text.

Pay Plans Revisited

Far too many compensation plans are a patchwork of fixes that, in the end, make the plans more confusing and less impactful. The magazine’s F&I expert has the answer, a plan that accounts for a new market dynamic.

Fla. Dealer Under Investigation After Repossessing Customer’s Car

Downtown Auto Sales of the Palm Beaches repossessed a customer’s vehicle after he refused to pay an extra tire fee with his car payment. The dealer is now under investigation for violating state laws, including failure to abide by the contract.

F&I Administration Announces Integration With PayLink

F&I Administration Solutions LLC announced the integration of PayLink Payment Plans financing services into its dealer electronic rating and electronic contracting solution.

It Takes Two

The magazine’s F&I columnist revisits pay plans and offers some food for thought before, during and after negotiations.

Put Those Pencils Down

The magazine’s F&I columnist offers a stern warning to dealers who decide to cut costs by penalizing employees for maximizing their pay plans.

Chrome Systems Unveils Vehicle Payment Calculation Service

Chrome Systems Inc., a subsidiary of DealerTrack Holdings Inc., announced the launch of PaymentDriver, a solution offering an online finance payment calculation service for automotive industry portals and Websites.