“Can a transparent payment ISO for auto shops become the full financial operating system—payments, capital, and banking—for independent small-business mechanics?”
360 Payments started as a transparent payment processor—a registered ISO of Wells Fargo and Fifth Third Bank—serving independent automotive repair shops, dental, and medical businesses frustrated by opaque card-processing fees. By 2021, the company leveraged deep merchant trust to layer embedded capital (360 Capital, via Parafin) on top of its payment rails, crossing $100M in cumulative lending origination. It then expanded into banking territory with the 360 Spend Card and 360 Cash Account, effectively evolving from a pure-play payments ISO into a financial services platform for SMB auto shops.
360 Payments discloses Parafin as its banking provider, with Column N.A. as its sponsor bank, according to the Embedded Finance Index 2026.
360 Payments does not disclose a bank charter of its own; its banking services are provided through Column N.A..
360 Payments processes payments through Wells Fargo Bank, N.A. (self-operated ISO) and Fifth Third Bank, N.A. (self-operated ISO).
360 Payments's cards are issued through Marqeta.
360 Payments's lending and capital products are provided by Parafin.
The Embedded Finance Index 2026 maps 5 layers in 360 Payments's stack: Payments / PSP (Wells Fargo Bank, N.A. (self-operated ISO) and Fifth Third Bank, N.A. (self-operated ISO)); Banking / BaaS (Parafin); Card issuing (Marqeta); Lending (Parafin, 360 Capital — MCA (merchant cash advance), 360 Capital — Term Loan, 360 Capital — Flex Loan and 1 other); Sponsor bank (Column N.A.).
360 Payments is headquartered in Campbell, CA 95008.
Get a read on where your own stack stands against 360 Payments and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.