Paystone, a leading payments and software company, today announced an enhanced partnership with Leader Auto Resources (LAR Inc.), North America’s largest automotive buying group. This partnership expands the company’s footprint in the automotive industry by an additional 2,000 merchants and comes as a result of Paystone’s recent acquisition of Swift Payments, a Canadian merchant services provider specializing in solutions for the automotive sector.

A partnership with LAR Inc. provides Paystone with an exciting opportunity to significantly grow and advance business within the automotive sector, We will be able to offer automotive merchants new ways to streamline their customer engagement efforts and automate loyalty programs with integrated payment processing.

Tarique Al-Ansari, CEO of Paystone

By integrating Paystone’s platform with Swift Payments’ point of sale solutions, automotive businesses will now have the ability to automate their marketing efforts and increase customer loyalty directly from their existing payment terminals. It also provides franchise dealerships and licensed autobody shops with access to additional technology solutions and Canada-wide onsite support services that will boost business growth.

In addition to its partnership with LAR Inc., Paystone has also named former Swift Payments VP of Sales/Co-Founder, Dino Halbouni, as the company’s VP of External Sales.

Paystone continues to develop its software platform to deliver greater value and growth tools for businesses. Swift Payments marks the company’s fourth acquisition since the third quarter of 2019.