Corvia Adds REPAY as Processing Partner

Rhea-AI Summary

Corvia has announced a new partnership with Repay Holdings Corporation (NASDAQ: RPAY) as its payment processing partner. This collaboration aims to enhance merchant and partner servicing, crucial for Corvia's growth in traditional retail and specialty e-commerce segments. REPAY will provide customizable clearing and settlement solutions, allowing Corvia to optimize the payment experience for its customers. The executives express optimism about the potential of this long-term partnership to scale operations and improve service offerings.

Positive

• Partnership with REPAY enhances Corvia's payment solutions.
• REPAY's technology provides customizable programs for better transaction processing.
• The collaboration is positioned to support aggressive growth strategies.

Negative

• None.

AUSTIN, Texas--(BUSINESS WIRE)-- Corvia, Inc., a fintech company focused on making the complex simple by complementing world-class technology with strong business and regulatory acumen, announced today it has added Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, as its newest payment processing partner. The relationship will provide additional fuel for Corvia’s aggressive growth trajectory by enhancing merchant and partner servicing and support in traditional retail and specialty e-commerce business segments.

“Adding REPAY as a processing partner gives us the flexibility to deliver more advanced solutions while optimizing both the partner and merchant experience,” said Corvia CEO Chad Anselmo. “We look forward to a productive, long-lasting relationship with REPAY.”

REPAY’s proprietary clearing and settlement platform offers fully customizable programs that deliver more autonomy and greater payment flexibility than traditional large acquirer programs. Its clearing and settlement solution is supported by high-touch service, a powerful payments engine, and intuitive reporting software designed to ensure on-time and accurate transaction processing.

"We look forward to working with Corvia to customize a clearing and settlement solution that will enable them to scale their operations and better serve their customers through enhanced payment experiences and a robust reporting platform," said REPAY President Shaler Alias.

“Executing our strategic plans is top priority,” said Tedd Huff, head of corporate strategy for Corvia. “Adding REPAY as a processing partner strengthens our payments offering as we remain laser-focused on aggressive growth.”

About Corvia, Inc.

Corvia delivers safe, affordable, and reliable access to payments through an advanced risk ecosystem, a service-focused approach to enable success, strategic partnerships that enhance impact and inspire growth with a culture centered on community integrity and accountability. Corvia is a registered ISO of Fifth Third Bank N.A., Cincinnati, Ohio, Wells Fargo Bank, N.A. Concord, California, Cross River Bank, Fort Lee, New Jersey and MVB Bank, Fairmont, West Virginia. The company is a privately held, fast-growing fintech headquartered in Austin, Texas. For more information, please visit corviapay.com.

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/20220518005039/en/

Media Contacts

Peggy Bekavac Olson

Strategic Marketing for Corvia Payments

(480) 510-8120

corvia@smktg.com

Kristen Hoyman

Vice President of Marketing

REPAY

(404) 637-1665

khoyman@repay.com

Investor Relations Contact for REPAY

repayIR@icrinc.com

Source: Corvia, Inc.

FAQ

What is the significance of the partnership between Corvia and Repay Holdings Corporation (RPAY)?

The partnership enhances Corvia's payment processing capabilities, facilitating growth in retail and e-commerce sectors.

How will the new partnership with RPAY impact Corvia's business operations?

The partnership will introduce customizable payment solutions, improving merchant servicing and overall customer experience.

What solutions does REPAY provide to Corvia as part of the partnership?

REPAY offers tailored clearing and settlement solutions designed to enhance transaction flexibility and processing efficiency.

When was the partnership between Corvia and Repay Holdings Corporation announced?

The partnership was announced on May 18, 2022.

What is NASDAQ ticker symbol for Repay Holdings Corporation?

The NASDAQ ticker symbol for Repay Holdings Corporation is RPAY.