360 Payment Solutions, a US-based credit card payment processor, has launched a new payment processing and business modernisation tool, designed for smaller auto industry businesses.
Dubbed Velox, the new solution will process payments for a range of auto industry businesses, such as mechanics, body shops, quick-service oil change facilities, and tire professionals.
The new solution intends to support the auto professional's independent software vendor (ISV) or point-of-sale (POS) vendor by providing a simple integration to chip card processing technology.
The integration of Velox will allow the POS to process payments in multiple countries.
360 Payments co-CEO Steve Ciabattoni said: "It's hard enough for independent shops to keep up with changes in automotive technology, let alone the velocity of change in business operations.
“We created Velox to make it easy for POS companies to offer their automotive professional clients the latest technology in the payments industry including chip processing and NFC."