Facepay, a contactless pay technology, has launched its official partnership portal, and announced its partnership with the Institute for Automotive Business Excellence.
“We are very excited to work closely with Facepay to help our clients save thousands of dollars a year in processing fees, and to offer their clients a better way to pay,” says Cecil Bullard, CEO of Institute for Automotive Business Excellence.
The technology allows for partners and shop owners alike to facilitate transactions through direct debit from bank to bank, resulting in a contactless way to eliminate all credit card fees. At zero percent fees, affiliates are able to save an average of $30,000 to $50,000 annually.
Along with the partnership, Facepay will be releasing training programs using the Institute for Automotive Business Excellence’s GEAR platform. The programs aim to teach shop owners more about the advantages of contactless pay.
“We've been looking for partnerships and relationships with others that strive for our same ideal; doing what's best for the industry,” Kent Bullard, vice president of operations at Institute for Automotive Business Excellence, says. “Facepay is a perfect example, saving shops valuable profit so those businesses can improve, grow, and raise the industry that much more.”
This new partnership will add to the list of top names in the industry using the technology. Shop owners coast-to-coast are utilizing Facepay to safely charge customers digitally.
“In about 24 months from now, I will be able to say that Facepay has saved our partners a million dollars in fees,” Todd Westerlund, chief revenue officer at Facepay, explains.
Facepay eliminates credit card fees for service businesses by bridging contactless payments with blockchain technology. The technology moves customers to direct debit by making the process easy and engaging. All users, merchants, and transactions that comprise the platform are written using contracts and are inherently secure.