Terminal Velocity Processing Headlines New Team USA Partners

Sep 27, 2008
Rancho Santa Margarita, Calif. – Terminal Velocity Processing, an innovative credit card payment processing company based in Agoura Hills, Calif., heads a number of new Team USA Scholarship supporters as the program reaches toward its 20th year.

The scholarship has been nurturing the careers of talented young American racer car drivers since 1990, and this year will enter a pair of cars for 16-year-old Conor Daly, from Noblesville, Ind., and 17-year-old Josef Newgarden, from Hendersonville, Tenn., in the fabled Formula Ford Festival at Brands Hatch, England, on October 18/19 and the Walter Hayes Trophy at Silverstone on November 1/2.

Former Team USA Scholarship winners include Jimmy Vasser, Bryan Herta, Memo Gidley, Jerry Nadeau, Buddy Rice, Paul Edwards, Andy Lally, A.J. Allmendinger and J.R. Hildebrand.

TVP’s involvement with the Team USA Scholarship is the first in a series of upcoming initiatives which will be announced in the coming weeks.

“It is a privilege and an honor for TVP to serve as the Official Title Sponsor for Team USA in support of sending some of our nation’s most promising auto racing talent to Europe to compete on behalf of America,” says Jim Wilson, founder and CEO of Terminal Velocity Processing (www.terminalvelocityprocessing.com). “Giving back is the cornerstone of the Terminal Velocity Racing (“TVR”) program which functions to contribute dollars for drivers, teams, racing series and scholarship awards benefiting various forms of auto racing throughout the country. Looking at the line of succession of so many notable race car professionals that have successfully come through the Team USA Scholarship program since its inception in 1990, it was a ‘no brainer’ to contribute TVP dollars to support the Team USA initiative.

“Our hope in getting behind Team USA is to bolster recognition and create funding for the TVR program that will serve to support many other drivers, teams and ladder series events. TVP generates funding dollars from the collective automotive-related merchant community by processing their credit card transactions and donating 100 percent of its fee income back to TVR. This benefits not only the merchant in reduced costs, but also the racing community. TVP intends to rally the automotive related merchant community – which represents hundreds of millions in potential transaction processing dollars – to redirect the collective fee income into auto racing activities that not only benefits the automotive industry, but also ‘gives back’ to support our professional drivers/teams and ladder series events.”

Other new supporters for the 2008 season include the Road Racing Drivers Club, which shares the Team USA Scholarship’s aims of supporting and promoting young American drivers (http://rrdc.org); Highcroft Racing, which fields an Acura ARX-01b in the ultra-competitive LMP2 class of the American Le Mans Series (www.highcroftracing.com); Aspin Foundations, a UK-based company which offers a range of foundation solutions for the rail, telecommunications and underpinning and foundations industries (www.aspingroup.com); Historic Grand Prix racer James King; The Gorsline Company, which has earned an international reputation providing a range of financial services for its corporate and professional clients (www.gorsline.com); and McMurry Inc., a full-service marketing communications company “that is, thankfully, different” (www.mcmurry.com).

“I have three boys of my own, and I hope that someday they, too, will encounter people who want to help them succeed at their passion,” says Chris McMurry, CEO of McMurry Inc. and a competitor in the LMP1 division of the American Le Mans Series. “It’s a little bit of a ‘pay it forward’ strategy, and I also know that this particular scholarship won’t get squandered because it will go to young drivers who really have their acts together both on and off the track.”

The Team USA Scholarship also is supported by Doug Mockett & Company, American Honda, Silicon Salvage, Dyson Racing, Integrated Performance Technology, Andersen Racing Team, PitFit Training, Sparco USA, FormulaCar Magazine, Speedstar Management, Manifest Group and an array of past Scholarship winners.