Aug. 16, 2016—UpdatePromise.com, a communication and information technology provider to the auto industry, announced that it will expand its UpdatePromise360 module, PromisePay, to the collision industry.
“With the advent of services like Apple Pay and Pay by phone, we have become used to paying for products and services digitally here in the US,” Richard Pannazzo, vice president of operations for UpdatePromise.com, said. “The collision industry is the last one to catch on.”
PromisePay is a full merchant service provider which enhances the consumer experience while leveraging the most competitive merchant rates available.
“Typically, a single shop operator or small business will apply for merchant services and will be rated and graded on their single location, often leading to higher costs,” Pannazzo said. “But by being on a PromisePay platform with us, they are leveraging what UpdatePromise has — volume.”
PromisePay allows businesses to leverage kiosks and payment link sent directly to customers’ smartphones in addition to standard merchant terminals, all at prices lower than average. PromisePay can save up to 90 minutes of administrative time a day by providing a single settlement for all payment methods while removing the need for manual reentry.
