Essential information for end of life vehicle dismantling, depollution and recycling


IAA announces new Open Banking payment service for customers

IAA has made significant investments and rolled out new services to build upon its standing as a leader in salvage industry modernisation. Offering customers access to Payit™ by NatWest as part of the IAA UK e-commerce platform is yet another step forward.


IAA announces new Open Banking payment service for customers f

Payit is a fast, safe and secure digital payment solution allowing buyers to make payments directly from their bank accounts to complete the purchase of vehicles. The platform works with most of the UK’s major banks and can be accessed on desktop, laptop, mobile or tablet. IAA integrated Payit within its payment system, allowing UK buyers to complete payments securely within minutes using their own banking credentials.

IAA announces new Open Banking payment service for customers s hankins
Steve Hankins

The rise of e-commerce worldwide has provided another level of convenience for consumers to purchase products, and those same consumers exist within the salvage industry. The auction process — from vehicle assessment, to bidding and buying, and ultimately receiving a purchased vehicle — not long ago was a mostly in-person experience. IAA has successfully turned the entire process digital through innovation and technological advancements, and the integration of Payit aligns with buyers’ desire to find, purchase and receive vehicles quickly and efficiently.

“With payments complete in a matter of minutes, Payit helps expedite vehicle release and gives buyers more time to focus on other essential aspects of their business,” said Steve Hankins, UK Managing Director for IAA.

Rather than waiting for financing approvals and the phone calls and paperwork that come with it, IAA buyers can purchase a vehicle using Payit, plan to receive the vehicle in a short amount of time, and then move on quickly to finding more inventory to purchase. Payit leverages the UK’s Open Banking infrastructure which is regulated by the Financial Conduct Authority.

“Payit saves our buyers time and creates more flexibility by quickly and efficiently processing online transactions on a wide variety of devices,” Hankins said.



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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.  The network’s online salvage auction drives strong salvage resale values and faster sales.  e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts. 

The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.  Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.  

The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.  Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.  e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership. 

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