Welcome to our dedicated page for Repay Hldgs news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Hldgs stock.
Repay Holdings Corp (RPAY) delivers innovative payment processing technology for businesses and consumers through its integrated electronic solutions. This dedicated news hub provides investors and industry professionals with direct access to official corporate announcements, financial disclosures, and strategic developments.
Our curated collection features essential updates including quarterly earnings reports, merger & acquisition activity, product launches, and leadership changes. Users gain timely insights into RPAY's evolving position in the competitive fintech landscape, particularly regarding its consumer payment platforms and enterprise transaction solutions.
All content is organized chronologically for efficient tracking of corporate milestones. Key focus areas include developments in mobile payment processing, risk management innovations, and expansion of merchant service offerings. Bookmark this page to maintain current awareness of RPAY's progress in shaping secure, multi-channel transaction ecosystems.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a new integration with Optima Global Solutions, enhancing the payment capabilities within Optima's accounts payable automation solution, transcendAP. This integration aims to streamline the accounts payable process, allowing clients to securely pay vendors via REPAY’s technology. It also reduces fraud risk and can generate rebates through the use of virtual cards. Both companies are collaborating with Sigma Analytics to offer a comprehensive digital solution for accounts payable optimization. This partnership is expected to improve operational efficiency for clients while minimizing processing errors and operating costs.
Repay Holdings Corporation (NASDAQ: RPAY) has been selected by MiCamp Solutions as their new clearing and settlement processor. This partnership will leverage REPAY's end-to-end processing capabilities, which include next-day funding, detailed reporting, and chargeback management. REPAY's customizable platform is expected to enhance efficiency and implementation speed compared to legacy processors. MiCamp aims to transition from a retail ISO to a full liability portfolio, making this collaboration pivotal for their growth strategy.
Repay Holdings Corporation (NASDAQ: RPAY) reported strong Q4 2022 performance with a 22% gross profit growth and 17% revenue increase, achieving $72.7 million in revenue. Card payment volume reached $6.6 billion, up 17% year-over-year. The company highlights the success of its new segments: Consumer Payments and Business Payments, projecting continued growth in 2023. REPAY anticipates double-digit organic gross profit growth and adjusted EBITDA in the range of $122 to $130 million. Strategic investments in sales, marketing, and technology are expected to enhance long-term growth.
PDI Technologies has acquired Blue Cow Software, a fuel oil and propane management software company, enhancing its offerings in the convenience retail and petroleum wholesale sectors. Based in Middleton, Massachusetts, Blue Cow Software serves approximately 375 customers across North America and provides solutions for fuel ordering, delivery optimization, and customer relationship management. This acquisition aligns with PDI's growth strategy, allowing for expanded service to its existing home heat customers.
PDI plans to invest in Blue Cow Software's technologies to drive innovation in the market.
Repay Holdings Corporation (NASDAQ: RPAY) announced the divestiture of Blue Cow Software, LLC to PDI Technologies, Inc., enhancing its focus on B2B and consumer payments. This transaction aims to improve financial flexibility, support organic growth, and reduce net leverage, targeting below 3.0x. CEO John Morris emphasized that the proceeds will enable REPAY to pursue strategic mergers and acquisitions. REPAY reaffirms its FY 2022 financial guidance and will provide 2023 projections in the upcoming fourth quarter report.
Repay Holdings Corporation (NASDAQ: RPAY) announced it will host a conference call on March 1, 2023, at 5:00 PM ET to discuss its fourth quarter and full year 2022 financial results. A press release with the financial results will be issued after market close on the same day. Investors can access the call via the Company's investor relations website or by phone. A replay will be available two hours post-call until March 8, 2023. REPAY specializes in vertically-integrated payment solutions, simplifying electronic payments for clients and enhancing experiences for consumers and businesses.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a collaboration with HelloGM to provide integrated accounts payable solutions for the hospitality sector. This partnership enables hospitality operators to streamline vendor payments across multiple properties, reducing reliance on manual check processing and associated fraud risks. The integration features enhanced payment automation through HelloGM's new Accounts Payable option, which aims to optimize operational efficiency and save resources. HelloGM's analytics platform processes substantial transaction data, further emphasizing the strategic value of this alliance for both companies.
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