Insurance Auto Auctions, Inc. (IAA) the leading live and live-online
salvage auto auction company and wholly-owned subsidiary of KAR Auction
Services, Inc. (NYSE: KAR), today announced that it has launched I-Pay
through the IAA Buyer App for Android, which follows directly on the
company’s successful launch of I-Pay for Apple. IAA is the first company
in the industry to offer payment services for salvage buyers through an
app, which provides customers a comprehensive solution to help make more
informed decisions, with the speed and convenience of their mobile
devices.
I-Pay offers qualified buyers with a U.S. bank account the ability to
pay for vehicle purchases online, anytime, bringing added benefits to
buyers as well as providers. Apple and Android users are already
realizing significant cycle time and efficiency benefits using the I-Pay
service.
“We have kept our promise of bringing I-Pay for Android users,” said Tom
O’Brien, chief executive officer at Insurance Auto Auctions, Inc. “We
are constantly looking for ways to improve our buyers’ experience.
Buyers expect to be able to pay for vehicles from us while on the go.
This is another example of our commitment to continuing our investment
in our industry leading technological capabilities.”
The IAA Buyer App is yet another example of IAA’s investment in
technologies which focus on performance as well as enhancing buyer
experience. It surpasses other mobile apps on the market by offering
greater functionality, efficiency and ease of use. Among the many
features offered through IAA’s Buyer app, is an extended bidding session
allowing buyers two hours to bid without a session time out. This
significantly exceeds the average of 10 minutes offered by other
industry apps. The app can also be tailored to meet customers’ specific
needs and includes push notifications that provide up-to-the-minute
updates on payment statuses and other important information. Since the
IAA Buyer App first debuted in December 2011, thousands and thousands of
buyers have been using the software, demonstrating its growing success
with customers and an increased focus on technology in the salvage
industry.
In addition to I-Pay, IAA recently launched a re-designed buyer landing
page that is available through the IAA Buyer App for Apple and Android
as well as IAA’s universally compatible mobile website, m.iaai.com.
The landing page now features key functions that make the bidding and
buying process more streamlined and effective for users. Additional
improvements include new features such as “Won History” and “Lost
Pre-Bids”, which complement existing capabilities with a particular
focus on the post-sale process. These added capabilities offer users
greater visibility into the auction cycle, which helps them make more
informed decisions during and after the bidding process.
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions is the leading live and live-online salvage
vehicle auction company and a wholly-owned subsidiary of KAR Auction
Services, Inc. (NYSE: KAR). Headquartered in Westchester, Illinois, IAA
owns over 160 auction facilities throughout North America offering
towing, financing and titling services. With the most auction facilities
in North America, IAA provides registered buyers from around the globe
with millions of opportunities to bid on and purchase donated and
salvaged vehicles. Since 1982, IAA has sold millions of vehicles through
its weekly auctions for insurance companies, fleet and rental companies,
financing companies, charity organizations and the general public. IAA
also leverages its business model to assist hundreds of charitable
organizations in the US through its One Car One Difference® campaign. To
date IAA has provided millions of dollars in additional funding to
charities by assisting in the processing of donated vehicles. Learn how
we are making a difference by visiting www.1car1difference.com.
With a talented team of over 1,800 employees, IAA is committed to
providing customers with the highest level of services in the salvage
auto industry. Go to www.iaa-auctions.com
to learn more, and follow IAA on Facebook and Twitter.
