Paya Partners With Consumer Lending Provider Artis Technologies

Rhea-AI Summary

Paya has partnered with Artis Technologies, enhancing its point-of-need lending platforms. This collaboration integrates Paya’s payment technology into the Artis Connect and Artis Credit platforms, allowing businesses to offer real-time consumer financing efficiently. The integration aims to improve operational efficiency and customer experience for businesses, particularly in sectors like home improvement that have seen increased demand during the pandemic. This partnership reflects a trend towards embedded financial services, promoting seamless payment processing.

Positive

• Integration of Paya's payment technology into Artis' platforms enhances operational efficiency.
• Enables real-time consumer financing for businesses, improving their customer service capabilities.
• Partnership targets growing demand in sectors like home improvement, potentially increasing market share.

Negative

• None.

Partnership enhances Artis’ point-of-need lending platforms, capturing end-to-end payments for businesses and improving user experience

ATLANTA, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Paya, a leading provider of integrated payment and commerce solutions, has partnered with Artis Technologies, a provider of modern lending solutions for businesses to offer affordable, low-friction financing to their customers at the point of need. Through this partnership, Paya’s payments technology will integrate directly into the Artis Connect and Artis Credit platforms, providing a seamless payment experience for businesses offering real-time consumer financing.

Paya enables Artis and the businesses it serves to process payments digitally and track them in real time, significantly increasing operational efficiency. As part of Artis’ real-time lending framework, businesses can help their clients quickly secure funding for a variety of needs then automate the payment processing based on the client’s new line of credit, ensuring that funds are readily available to support project continuity.

“Paya’s collaboration with Artis represents yet another use case of integrated payments tailored to the unique needs of each vertical, this time for the lending space,” said Mark Engels, Paya’s Chief Revenue Officer. “Through our partnership, Artis will enhance its embedded financial services platforms with integrated payment capabilities, offering businesses a more efficient way to track and process payments, and improve the overall experience for their customers.”

“Our partnership with Paya provides a significant value add to the businesses we serve and their customers, particularly those within the home improvement space who’ve experienced a spike in consumer demand amid the pandemic,” said Barclay Keith, CEO of Artis. “It’s about embedding financial products into the consumer experience at the right moment, and in order to make that happen, businesses need to have integrated tools available at the point of need. We believe embedded finance is the future, and our partnership with Paya is one way we’re continuing to make financial services seamless for businesses and consumers alike.”

Since the launch of Artis Technologies earlier this year, the company has introduced Artis Credit, a platform that equips businesses to serve as the face of financing, while giving lenders an easy pathway to gain a new share of the consumer loan market – as well as Artis Connect, a complete private-label platform that enables businesses to offer downstream credit through existing customer relationships.

About Paya

Paya (Nasdaq:Paya) is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. The company processes over $30 billion of annual payment volume across credit/debit card, ACH, and check, making it a top 20 provider of payment processing in the US and #6 overall in e-Commerce. Paya serves more than 100,000 customers through over 2,000 key distribution partners focused on targeted, high growth verticals such as healthcare, education, non-profit, government, utilities, and other B2B end markets. The business has built its foundation on offering robust integrations into front-end CRM and back-end accounting systems to enhance customer experience and workflow. Paya is headquartered in Atlanta, GA, with offices in Reston, VA, Fort Walton Beach, FL, Dayton, OH, Mt. Vernon, OH, and Dallas, TX. For more information about Paya, visit www.paya.com or follow us on Twitter: PayaHQ and LinkedIn: Paya.

About Artis Technologies

Artis Technologies powers modern lending solutions for businesses to provide affordable, low-friction financing to their customers at the point of need. Its API-based platforms creatively leverage alternative data sources and ML/AI-informed decisioning to present real-time loan offers fit to each individual borrower, all done within the banking industry’s current regulatory infrastructure. Visit heyartis.com for more information.

Kerry Close
email: kclose@groupgordon.com
phone: 212-785-5717

FAQ

What is the significance of Paya's partnership with Artis Technologies?

The partnership integrates Paya's payment technology into Artis's platforms, enhancing real-time consumer financing for businesses.

How does the partnership between Paya and Artis improve customer experience?

It allows businesses to efficiently process payments and offer financing directly at the point of need.

What sectors benefit from Paya's collaboration with Artis?

The home improvement sector is highlighted as a key area experiencing increased consumer demand.

How much annual payment volume does Paya process?

Paya processes over $30 billion in annual payment volume across various payment methods.