Solera Unveils Bespoke Automotive Industry Payment Processing System

Solera has launched a service designed to significantly reduce payment transaction fees for automotive businesses of all sizes. Known as Peri, the system was unveiled last week at the SEMA Show in Las Vegas, USA.

According to Solera, Peri will revolutionise payment processing, reducing transaction fees by up to 35 per cent compared to industry averages and more when paired with any of Solera’s suite of products.

“Our commitment to innovation continues to drive us to develop solutions that empower our customers and enhance their competitiveness,” said Nate Motyl, SVP, Global Operations, Architecture, eCommerce, and PMO at Solera. “We believe this new platform will transform independent dealers, body shops and repair centres, reducing costs and increasing efficiency. This is another step on our journey to enable the success of our customers.”