Over the Edge and Mepco Finance Corporation Partner to Provide 0% Financing
Over the Edge and Mepco Finance Corporation Partner to Provide 0% Financing for Dealer-to-Consumer F&I Ecommerce Solution
Westerville, OH — June 13, 2018 — Over The Edge (OTE), a leader in technology for the automotive insurance and aftermarket product industry, today announced a partnership with Mepco Finance Corporation, a wholly owned subsidiary of Seabury Capital and provider of Seagle Payment Solutions, to incorporate 0% financing options into their turn-key TecAssured D2C (dealer-to-consumer) ecommerce software application.
OTE’s innovative D2C solution, which enables dealers to sell F&I products and services online to their customers, even after they leave the dealership, will now allow dealers to better optimize profitability through reduced funding costs.
Benefits of the partnership include reducing risk by making smaller and smarter advances for administrators and insurers, allowing dealers to better optimize profitability through reduced funding costs, and expanding their sale of aftermarket and ancillary products that may not qualify as part of a vehicle loan.
For consumers researching extended protection products online, this will enable them to now purchase plans more affordably than ever with installment payment plans and 0% financing.
“We are pleased to be partnering with OTE to provide installment payment plans for online aftermarket sales which will benefit administrators, agents, dealers and consumers by enabling an affordable product and simplifying the buying process.
The TecAssured D2C e-commerce platform is a great fit for our financing solution,” explained Margaret Chan, President of Mepco.
“Partnering with Mepco allows us to incorporate valuable additional financing and payment options into our D2C e-commerce solution, and will makes it easier than ever for dealers to sell their F&I products and services online to their customers,” stated Joseph Pesce, CEO of OTE.
About Over the Edge
Over the Edge is a collaboration of technology, design, and business experts catering to the unique needs of the automotive insurance industry and the creator of TecAssured™ Software.
Their unique partnership brings top-level business consulting, system development, print/web creative, data conversion/integration, custom reporting, and product consulting — all under one roof. Together, OTE answers client needs with dynamic, cohesive solutions. Learn more at go-ote.com.
About TecAssured
TecAssured™ is a leading software company that provides innovative technology solutions for the automotive insurance industry including rating engines, streamlined administration software for full lifecycle management of all aftermarket and self-insured F&I products, and online dealer-direct-to-consumer F&I product eCommerce sites. Learn more at tecassured.com.
About Mepco
Mepco Finance Corporation, the originator of the zero interest Payment Plan, was founded in 1964 and has grown to national prominence by providing dependable, personalized service to its customers and administrators.
We are dedicated to continually enhancing our ability to provide the highest level of service to our expanded customer base, supported by the latest information technology and communication systems.
Mepco ranks among the largest providers of payment plans to consumers in the United States and is headquartered in Chicago, Illinois. Mepco is a wholly owned subsidiary of Seabury Capital. For more info contact Clarence Townsend Jr. at 312-601-2208 or [email protected].
Media Contact
Nancy Bohman, Bohman Marketing, 614-264-0620