REPAY Powers Digital Payment Assistant for Blackbaud Clients

Rhea-AI Summary

Repay Holdings Corporation (NASDAQ: RPAY) announces a technology integration with Blackbaud, embedding REPAY’s AP technology within Blackbaud’s Financial Edge NXT® software. This partnership makes REPAY the exclusive embedded vendor payment solution for Blackbaud Financial Edge NXT®, allowing Blackbaud's clients to automate vendor payments directly within the financial platform, leveraging REPAY’s digital payments capabilities. The joint solution aims to streamline vendor payments, reduce fraud, and offer Payment Assistant functionality without leaving Blackbaud Financial Edge NXT®.

Through the partnership, REPAY’s AP technology will be embedded within Blackbaud’s Financial Edge NXT^® software

ATLANTA--(BUSINESS WIRE)-- Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY"), a leading provider of vertically-integrated payment solutions, today announced a technology integration with Blackbaud, a leading provider of software for powering social impact. Under the partnership, REPAY is the exclusive embedded vendor payment solution for Blackbaud Financial Edge NXT^®. Blackbaud’s large client base will be able to perform vendor payment automation directly within Blackbaud’s financial platform, while leveraging REPAY’s digital payments capabilities. This joint solution is designed to streamline vendor payments and reduce fraud.

Blackbaud clients will be able to utilize Payment Assistant functionality without ever having to leave Blackbaud Financial Edge NXT^®. Payment Assistant embeds REPAY’s vendor payment solution to automate and accelerate electronic payment of invoices. Capabilities include virtual cards and ACH to REPAY’s extensive network of suppliers and vendors. By streamlining these outbound payments, Blackbaud clients can eliminate legacy paper check processes and pay vendors with increased efficiency, security and transparency while saving time and boosting their bottom line.

“Our mission at REPAY is to help businesses simplify and optimize their outbound payments through their preferred channels. We’re excited to continue to grow and enhance our vendor network and help companies across industries realize greater efficiencies with a seamless, secure payment experience,” said Darin Horrocks, EVP, Business Payments, at REPAY.

“The industry has seen an acceleration in adoption and preference of digital payments. We are thrilled to partner with REPAY to give our customers a consolidated payment workflow that will save them time and money,” said Heather Johnson, Director, Product Management, at Blackbaud.

About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231115428269/en/

Investor Relations Contact for REPAY:

IR@repay.com

Media Relations Contact for REPAY:

Kristen Hoyman

khoyman@repay.com

Source: Repay Holdings Corporation

FAQ

What is the partnership between REPAY and Blackbaud about?

The partnership integrates REPAY’s AP technology within Blackbaud’s Financial Edge NXT® software, making REPAY the exclusive embedded vendor payment solution for Blackbaud Financial Edge NXT®.

How will Blackbaud's clients benefit from this partnership?

Blackbaud's clients will be able to automate vendor payments directly within Blackbaud’s financial platform, leveraging REPAY’s digital payments capabilities, streamlining vendor payments, reducing fraud, and offering Payment Assistant functionality without leaving Blackbaud Financial Edge NXT®.

What capabilities are included in the joint solution?

The joint solution includes virtual cards and ACH to REPAY’s extensive network of suppliers and vendors, aiming to eliminate legacy paper check processes, and pay vendors with increased efficiency, security, and transparency.

What is the mission of REPAY?

REPAY's mission is to help businesses simplify and optimize their outbound payments through their preferred channels.

What is the industry's preference for digital payments?

The industry has seen an acceleration in adoption and preference of digital payments, leading to the partnership between REPAY and Blackbaud to offer a consolidated payment workflow for customers.

Who commented on the partnership from REPAY?

Darin Horrocks, EVP, Business Payments, at REPAY commented on the partnership, expressing excitement to grow and enhance the vendor network and help companies realize greater efficiencies.

Who commented on the partnership from Blackbaud?

Heather Johnson, Director, Product Management, at Blackbaud, expressed excitement to partner with REPAY to offer a consolidated payment workflow that will save customers time and money.