Alviere and AutoPayPlus are collaborating so when consumers maintain their monthly payments on their installment contracts, they can receive a reward to be spent within the dealership’s service drive.

It’s part of the offering from Alviere, a leading global embedded finance technology platform, and AutoPayPlus, a leading automated payment service.

AutoPayPlus offers vehicle buyers and other consumers flexible payment options matched to their paychecks, which can lead to better budgeting, prevent late fees, and can accelerate the contract payoff. Since 2003, the company has enrolled more than 250,000 members and processed more than $5.65 billion in monthly payments, primarily through the automotive industry and the company’s long-term relationships with independent agents and dealerships nationwide.

Working with its dealership partners, AutoPayPlus will provide vehicle buyers enrolled in its automated payment service with a prepaid promotional debit card that can be used exclusively at the selling dealership’s service department.

The new card also offers AutoPayPlus dealership partners the added advantage of a new dealer loyalty program. This loyalty program can help dealerships to increase profits from customer-pay service, to boost customer retention at no additional cost to the customer or dealer and to transform vehicle purchases into lifelong relationships with those buyers.

“AutoPayPlus is another example of how Alviere’s embedded financial services platform can help brands transform relationships with consumers from one dimensional single events into continuous, long-term, deep, value-driven connections,” Alviere co-founder and chief executive officer Yuval Brisker said in a news release.

“Alviere expects to work with clients across the automotive landscape to offer a fast time-to-market, easy path to delivering new financial services to existing as well as new customers without any of the heavy lifting of being a financial services provider,” Brisker continued.

AutoPayPlus and Alviere also said they plan to launch additional embedded finance solutions later this year, deepening the deployment of the financial services products available on the Alviere platform. 

“At AutoPayPlus, we’re always looking for new ways to build customer loyalty and retention,” AutoPayPlus founder and CEO Robert Steenbergh said. “Alviere enables AutoPayPlus to transition from being a valuable resource in helping dealers close a one-off purchase into a trusted partner that can now offer the opportunity for dealers to create long-term relationships that are critical to driving repeat business.

“And now every dealer partner can send buyers home with a card in their pocket that lets dealers send offers that will bring car buyers back to the dealership for deals and offers long after the buyer drives off the lot,” Steenbergh went on to say.

To learn more details, visit the Alviere website or the AutoPayPlus homepage.