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 Corporation (NASDAQ: RPAY) is a data processing and hosting company that provides integrated payment processing solutions through a proprietary technology platform. This news page aggregates company announcements, business updates, and other disclosures related to REPAY’s operations in consumer and business payments.
Readers can expect coverage of quarterly financial results, including segment performance for Consumer Payments and Business Payments, as reported in earnings press releases and related materials. These updates often discuss metrics such as revenue, gross profit, and non-GAAP measures that management uses to evaluate the business, as well as commentary on trends within the company’s diversified payment model.
News items also highlight partnerships and technology integrations where REPAY embeds its payment capabilities into third-party platforms. Recent examples include integrations with automotive finance and compliance platforms, loan origination systems used by financial institutions, and accounts payable automation software. These announcements describe how REPAY’s payment technology supports multi-channel payment acceptance, automation, and detailed transaction tracking.
In addition, this feed includes corporate and governance developments such as leadership appointments, inducement equity awards, and board changes, which are often disclosed in coordination with SEC filings. Recognition of REPAY’s gateway performance by external analytics firms and other operational milestones may also appear here.
Investors, analysts, and industry participants can use this page to follow REPAY’s progress in its key vertical markets, monitor its financial reporting cadence, and review how new integrations and partnerships expand the reach of its payment processing platform. Returning to this page provides a centralized view of REPAY-related news as it is released.
Repay Holdings Corporation (NASDAQ: RPAY) has entered an exclusive partnership with SpendMend to serve as its accounts payable solution provider for healthcare clients. This collaboration aims to enhance operational efficiency by automating accounts payable disbursements, reducing reliance on paper processes, and increasing financial control and transparency. The partnership is focused on delivering advanced payment solutions that streamline payment processes while improving cost efficiency for hospitals.
Repay Holdings Corporation (NASDAQ: RPAY) has appointed Erik Skinner as Senior Vice President and Mortgage Vertical Executive. Skinner, with extensive experience in the mortgage servicing industry, will enhance REPAY’s mortgage offerings through business development and strategic product development. Previously, he held key roles at Black Knight and Fifth Third Bank. Skinner emphasizes the need for digital transformation within the mortgage servicing sector, aiming to improve customer experience and operational efficiency.
Repay Holdings Corporation (NASDAQ: RPAY) has partnered with Jones Healthcare Group to modernize its payment systems in Canada and the U.S. This collaboration aims to enhance the payment experience for pharmacy customers, transitioning from a legacy payments architecture to a more integrated and efficient system. Customers will be able to self-serve and pay invoices online, allowing for automatic updates within Jones Healthcare Group’s ERP software. This move is expected to boost operational efficiencies and improve overall customer satisfaction.
REPAY announced integration of its payment platform with Sage Intacct, enhancing invoice payment capabilities for small to midsize businesses. This integration, free for current users, allows payments via ACH or credit card directly within Sage Intacct. REPAY's proprietary technology ensures secure data handling and offers Level 3 data processing rates, improving payment control and operational efficiency for companies. The partnership underscores REPAY's commitment to high-quality B2B transaction solutions.
Repay Holdings Corporation (NASDAQ: RPAY) reported its Q2 2022 results, showing a 34% increase in card payment volume to $6.2 billion and a 39% rise in total revenue to $67.4 million. Gross profit also surged by 42% to $50.7 million. The net loss decreased significantly to $1.4 million from $13.4 million year-over-year. Adjusted EBITDA improved by 35% to $27.6 million. REPAY updated its full-year 2022 outlook, forecasting card payment volume of $25.0 - 26.3 billion and total revenue between $268 - 286 million.
Repay Holdings Corporation (NASDAQ: RPAY) has appointed Michael Cottrell as Senior Vice President of Clearing & Settlement. Cottrell, with extensive experience in the fintech sector, aims to enhance REPAY's Clearing & Settlement platform through operational growth and technological integration. Previously, he served as President of Metrics Global and held key roles at Global Payments and ProPay. The leadership change is expected to strengthen client services and operational strategies within the payments processing ecosystem.
Repay Holdings Corporation (NASDAQ: RPAY) will host a conference call on August 9, 2022, at 5:00 PM ET to discuss its second quarter 2022 financial results. The call will feature CEO John Morris and CFO Tim Murphy. A press release with the financial results will be issued after market close on the same day. Investors can listen to the call live on the company's investor relations website or via phone. A replay will be available shortly after the call, accessible until August 16, 2022.
REPAY provides integrated payment processing solutions tailored to specific industry needs.
Repay Holdings Corporation (NASDAQ: RPAY) has released findings from a recent consumer survey revealing that many Americans are prioritizing payment options when selecting loan providers. Conducted by OnePoll in May 2022, the survey showed that 87% of respondents have multiple loans, with 60% paying off home loans. Notably, 65% of consumers favor loan providers based on their payment options. The study highlights a significant shift towards digital payments, with 73% preferring at least partial online payment. REPAY's technology aims to enhance payment flexibility and improve the consumer loan experience.
Repay Holdings Corporation (NASDAQ: RPAY) has been awarded the Supplier Horizon Award at Premier, Inc.'s 2022 Breakthroughs Conference. This accolade is given to Premier-contracted providers that excel in customer service, engagement, and cost reduction. REPAY's collaboration with Premier focuses on enhancing automation in accounts payable (AP) processes for healthcare providers, allowing them to optimize workflows and benefit from cash rebates via virtual card payments. This recognition underscores REPAY's dedication to client support and value creation.
Repay Holdings Corporation (NASDAQ: RPAY) has expanded its partnership with Hotel Investor Apps (HIA) to enhance accounts payable and accounts receivable payment automation capabilities. This integration enables HIA properties to streamline vendor payments, increasing efficiency and transparency while minimizing fraud risks. By utilizing REPAY's technology, businesses can significantly reduce costs associated with manual processes. REPAY aims to simplify transactions for clients, maximizing revenue and resource efficiency.