Addition of virtual payment provider enhances efficiencies for third-party product providers
RICHARDSON, Texas, Jan. 21, 2025 /PRNewswire-PRWeb/ -- StoneEagle, the premier F&I solutions and reporting provider to the automotive industry for over thirty-five years, announced today a strategic partnership with ConnexPay and the launch of integrated payments with StoneEagle's administration solutions.
With their commitment to continuously evolving technology, ConnexPay ensures that it remains relevant and competitive, aligning with the unique needs of the automotive voluntary protection product market. By prioritizing security and compliance, ConnexPay ensures that financial data is protected with advanced encryption while adhering to industry regulations. This future-focused approach guarantees long-term value for StoneEagle's customers.
"As a leader in innovation within our industry, we are committed to expanding the network of connectivity points for our customers," said Gary Peek, General Manager of Enterprise Solutions at StoneEagle. "ConnexPay's concentration on automotive aligns perfectly with StoneEagle's core offerings and client needs. We see a significant opportunity to deliver enhanced customer value through this integration".
As the longest-standing technology provider in this space, StoneEagle brings a depth of industry knowledge and a proven track record of innovation that few can match. Its extensive intellectual property on the virtual payment process, coupled with a deep understanding of the market, positions StoneEagle as an invaluable partner in delivering solutions that meet both current demands and anticipate future trends.
"Working with an industry pioneer like StoneEagle is always thrilling. We are excited to see the financial returns and operational gains to their claims payment process using ConnexPay's patented technology. Having known Cindy and Brent Allen personally for years, I'm excited for the future of this partnership and the path we'll blaze together," noted Ben Peters, Chief Executive Officer for ConnexPay.
This partnership is built on shared values and an alignment of organizational culture. Like StoneEagle, ConnexPay prioritizes innovation, customer-centricity, and continuous improvement. Together, this not only drives technological advancements but also fosters a partnership rooted in a shared commitment to delivering exceptional value and service to the market.
About ConnexPay
ConnexPay is the first payments company to seamlessly combine both PayIns and PayOuts into a single global platform, requiring only one contract and providing unified reconciliation. The flexibility of ConnexPay's technology allows clients to manage all their B2B payment needs, from acquiring sales, managing fraud, and paying suppliers, all on one platform. ConnexPay's solutions are applicable across a broad spectrum of corporate payment use cases, including global travel, ticketing, insurance and warranty claims, loyalty and rewards, and media and advertising. Founded in 2017, ConnexPay serves clients on six continents and provides payments services to over 175 countries and territories worldwide. In 2023, ConnexPay earned the Travel Innovator of the Year award at Phocuswright and in 2024 was named to the Inc. 5000 list of fastest-growing companies in America for the second year in a row. Learn more at www.connexpay.com and follow us on LinkedIn.
About StoneEagle
StoneEagle provides innovative solutions and exceptional customer service for the automotive industry. Founded over 35 years ago, StoneEagle offers industry-leading F&I and service metrics reporting, menu sales tools, F&I product administration, service drive, and compliance solutions that maximize user efficiencies across all aspects of the finance and insurance value chain.
StoneEagle is a core-values led organization that enhances performance, optimizes processes, and increases profitability for over 8,000 retail auto dealerships, general agencies, F&I product providers, and OEMs across North America. Learn more at stoneeagle.com or follow us on LinkedIn.
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SOURCE StoneEagle
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