“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.