Innovative Aftermarket Systems (IAS) Selects EquityDriver as Bi-Weekly Payment Program

Principal Payment Network announced that Innovative Aftermarket Systems (IAS), a provider of F&I selling software and aftermarket programs, has selected EquityDriver as their bi-weekly payment provider. IAS will integrate EquityDriver into their SmartMenu application to provide a turnkey solution for their dealers.

The EquityDriver program offers the consumer a bi-weekly payment option allowing them to have half of their car payment electronically deducted from their bank account every two weeks. The EquityDriver bi-weekly payment program is a service that manages the consumer's loan payments. The program restructures how the payment is applied to the lender without changing the current terms and conditions of the loan.

EquityDriver provides a number of benefits for IAS, their dealers, and the consumer. By integrating EquityDriver with IAS SmartMenu, dealers now have the ability to offer a bi-weekly payment option directly within their Menu. EquityDriver will allow the dealership to facilitate additional aftermarket product sales with little or no impact to a consumer monthly payment and effective loan term. Dealers and consumers both can benefit from the reduction in the effective loan term and the accelerated equity made possible through EquityDriver program.

"This was an important collaboration for IAS, and we are very pleased to be working with the EquityDriver program," said Bob Corbin, president of IAS. "Incorporating EquityDriver into SmartMenu gives automotive dealers greater access to superior products and services. We are launching this nationally with all our agent and dealer partners"

"Teaming up with IAS was a great decision because it allows us to deliver our product through IAS SmartMenu and work closely with their expansive agent network and field force. IAS has demonstrated excellence in servicing the automotive industry and we are excited to be working with them on this initiative," said Matt Twyman, chief executive officer for Principal Payment Network.

More information on EquityDriver can be found by visiting EquityDriver's Web site at http://www.equitydriver.com/. Additional information about Innovative Aftermarket Systems can be obtained at http://www.iasdirect.com/.

About Principal Payment Network:

Principal Payment Network (PPN) is the leading provider of loan acceleration programs in the automotive industry. PPN programs provide bi weekly payment solutions to Automotive dealers, RV dealers, Marine dealers, Motorcycle dealers as well as the Mortgage industry. PPN solutions allow consumers to accelerate equity positions, shorten loan terms, avoid late fees, and allow payment convenience. PPN has developed state of the art technologies to assist it in the sales and support of our solutions. Distribution partners include the leading Service Contract Providers and F&I Agencies in the United States. PPN is headquartered in Los Angeles, CA with offices in Dallas, TX. For More information please visit http://www.equitydriver.com/.

About Innovative Aftermarket Systems:

Innovative Aftermarket Systems (IAS) is the leading provider of F&I aftermarket programs to automotive dealerships. IAS offers a variety of products including, GAP, Invisible Phantom Footprints, Theft Avert, Super Polysteel, The Preferred Advantage, R.O.A.D. InTire, among others. Additionally, IAS' flagship software suite, SmartDealerProducts, provides revolutionary F&I software solutions for dealerships and their customers. IAS' training department, SmartDealerUniversity, provides ongoing training and feedback to ensure continued penetration, ethical presentations and increased profits for IAS dealership customers. Headquartered in Austin, Texas, IAS has hundreds of certified agents throughout the United States and provides technology solutions and aftermarket products for many of the top-100 dealer groups. For more information, please visit http://www.iasdirect.com/.

Source: Innovative Aftermarket Systems

CONTACT: Kris Wiley of Innovative Aftermarket Systems, 1-800-346-6469,
ext. 8989.

Web site: http://www.iasdirect.com/
http://www.equitydriver.com/