Welcome to our dedicated page for Repay Holdings news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Holdings stock.
Repay Holdings Corporation provides integrated payment processing solutions for vertical markets with specialized transaction needs. The company’s proprietary platform supports electronic payment channels such as mobile app, text, interactive voice response, virtual terminal, hosted payment page and online customer portal, with activity reported across Consumer Payments and Business Payments.
REPAY news commonly covers quarterly results, adjusted EBITDA and free cash flow metrics, segment trends, enterprise client implementations, Digital Wallet capabilities and payment-channel adoption. Corporate updates also include governance matters such as stockholder rights, board responses to unsolicited proposals, executive leadership changes and capital-structure actions tied to its Class A common stock.
Repay Holdings Corporation (NASDAQ: RPAY) has established an advisory board for its Service Transfer Exchange (STX) solution, aiming to streamline mortgage payment processing. The board includes leaders from LoanCare, loanDepot, PHH Mortgage, RoundPoint Mortgage Servicing, Shellpoint Mortgage Servicing, and US Bank. By addressing the challenges of service transfers, the board seeks to design standards that improve payment workflows, reduce errors, and enhance borrower experiences during the 60-day grace period, ultimately promoting better payment flows within the mortgage sector.
Repay Holdings Corporation (NASDAQ: RPAY) has successfully completed the acquisition of CPS Payment Services for approximately $78 million in cash, with potential earnouts of up to $15 million based on performance through December 2022. This acquisition is expected to significantly enhance REPAY's B2B payment solutions and broaden its market reach into sectors like education and government. CPS, founded in 2011, provides automated payment technology, serving over 160 enterprise clients across various sectors including healthcare and media.
APS Payments, a REPAY company, announced a technology integration with Sage X3, enhancing payment solutions for businesses. Users can now utilize APS ClickToPay and APSPays Vault within the Sage X3 financial management module, facilitating secure credit card and ACH payments with Level 3 transaction processing. This integration complements existing services with Sage 100, 300, and 500. Key features include automated batch reporting, multi-currency capabilities, and 24/7 support, all available at no cost. The integration aims to streamline invoice payments, helping businesses get paid faster.
Repay Holdings Corporation (NASDAQ: RPAY) announced a new integration with Sage X3, enhancing payment processing for medium-sized businesses. This integration allows users to submit invoices directly from the platform, streamlining B2B transactions. Current Sage X3 users can access this feature at no additional cost, enabling secure credit card or ACH payments through APS Payments, a REPAY company. The integration supports Level 3 transaction processing, showcasing REPAY’s commitment to improving business workflows in the financial industry.
Repay Holdings Corporation (NASDAQ: RPAY) announced a definitive agreement to acquire CPS Payment Services for up to $93 million, with $78 million payable at closing. This acquisition, expected to close in Q4 2020, will be financed using cash on hand. CPS provides B2B payments and accounts payable automation technology, serving over 160 enterprise clients across sectors such as healthcare and education. The deal aims to enhance REPAY's B2B offerings, increase its total payment volume to over $4 billion, and expand its supplier network significantly.
Repay Holdings Corporation (NASDAQ: RPAY) will host a conference call on November 9, 2020, at 5:00 PM ET to discuss its third-quarter 2020 financial results. The call will feature CEO John Morris and CFO Tim Murphy. Following the market close, a press release with the financial results will be issued. Investors can access the conference call via webcast on the company’s investor relations website or by phone. A replay will be available shortly after the call ends.
REPAY specializes in integrated payment processing solutions tailored to various industry needs.
Repay Holdings Corporation (NASDAQ:RPAY) announced a partnership with Ellie Mae, enhancing integration between REPAY's Ventanex and Ellie Mae's Digital Lending Platform. This collaboration enables mortgage originators to receive one-time electronic loan payments via ACH or card, streamlining the payment process across various channels such as web and mobile. This integrated solution aims to improve customer experience, efficiency, and reduce costs by eliminating manual processes. The partnership is anticipated to provide significant value to users of the Ellie Mae platform.
Repay Holdings Corporation (NASDAQ: RPAY) has announced the launch of its new Service Transfer Exchange (STX), designed to enhance the efficiency of mortgage service transfers between lenders. Powered by Ventanex's LIFT payment platform, STX automates payment processing and routing, minimizing errors and improving the borrower experience. This initiative comes amid rising mortgage service transfers due to low interest rates, highlighting the need for streamlined operations in the sector. The LIFT platform offers a comprehensive suite of tools that enhances payment processing and borrower engagement.