Welcome to our dedicated page for Repay Holdings Corporation news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Holdings Corporation stock.
Repay Holdings Corporation Class A Common Stock (symbol: RPAY), established in 2006, is a full-service provider of electronic transaction processing services tailored for retail merchants. The company offers a comprehensive suite of solutions, including credit and debit card processing, gift cards, ACH, bank account verification, electronic bill payment, and instant funding. Repay currently supports over 5,000 merchant locations across various product lines.
Repay’s management team has demonstrated consistent success since the company’s inception, focusing on key areas such as sales, risk mitigation, merchant support, and the effective use of its proprietary software platform. This strategic approach has positioned Repay as one of the fastest-growing companies in the United States, earning it the #330 spot on the Inc. 500 list in 2012.
The company is engaged in providing integrated payment processing solutions to a range of verticals with transaction processing needs. Repay's services enable customers to make payments via multiple channels, including Mobile App, Text, Interactive Voice Response, Virtual Terminal, Hosted Payment Page, and Online Customer Portal. The company's operations are divided into two segments: Consumer Payments and Business Payments.
Repay continues to expand its footprint through strategic partnerships, innovative projects, and cutting-edge technology. The company is committed to delivering exceptional service and support to its clients, ensuring seamless and secure payment processing. With a robust financial condition and a forward-looking approach, Repay Holdings Corporation is well-positioned to maintain its growth trajectory and continue providing valuable services to its growing customer base.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a planned private offering of $350 million in convertible senior notes due 2026, with an option for initial purchasers to acquire an additional $52.5 million. These notes will be unsecured, with interest payable semi-annually, and can be converted into cash or shares of Class A common stock under certain conditions. The proceeds will primarily be used for repaying term loans and general corporate purposes. The completion of this offering is not guaranteed and depends on market conditions.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a technology integration partnership with LiveVox, enhancing customer experiences by offering digital payment options and processing capabilities. This collaboration enables accounts receivable and collections teams to accept various payment methods, such as credit and debit cards and ACH payments, 24/7 within the LiveVox platform. The partnership aims to improve agent performance and meet growing customer preferences for digital transactions, benefitting both B2B and B2C markets.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a strategic partnership with the Strategic Regional Healthcare Organization (SRHO), enhancing payment solutions for healthcare providers. This collaboration, facilitated through CPS Payment Services, will deliver automation capabilities for accounts payable disbursements, optimizing efficiencies and generating cost savings. CPS's TotalPay platform will help healthcare clients achieve significant monthly cash rebates, reportedly up to 50% higher than traditional bank programs. The partnership aims to alleviate payment processing complexities and improve the financial performance of health system members.
Repay Holdings Corporation (NASDAQ: RPAY) announced participation in two upcoming virtual investor conferences. On December 1, 2020, management will host a fireside chat at the Wells Fargo TMT Summit at 12:40 PM ET. The following day, December 2, 2020, they will participate in the Credit Suisse 24th Annual Technology Conference, starting at 10:10 AM ET. Both discussions will be webcasts available on the Company's investor relations website, where archived sessions can also be accessed for 90 days.
REPAY specializes in integrated payment processing solutions tailored to specific transaction needs.
Repay Holdings Corporation (NASDAQ: RPAY) announced that its management team will participate in a fireside chat at Citi’s 2020 Financial Technology Virtual Conference on November 17, 2020, at 10:30am ET. The chat will be webcast live on the Company’s investor relations website, with an archived version available for 90 days. REPAY specializes in integrated payment processing solutions tailored for specific transaction needs, simplifying electronic payments while improving consumer and business experiences.
Repay Holdings Corporation (NASDAQ: RPAY) has established an advisory board for its Service Transfer Exchange (STX) solution, aiming to streamline mortgage payment processing. The board includes leaders from LoanCare, loanDepot, PHH Mortgage, RoundPoint Mortgage Servicing, Shellpoint Mortgage Servicing, and US Bank. By addressing the challenges of service transfers, the board seeks to design standards that improve payment workflows, reduce errors, and enhance borrower experiences during the 60-day grace period, ultimately promoting better payment flows within the mortgage sector.
Repay Holdings Corporation (NASDAQ: RPAY) has successfully completed the acquisition of CPS Payment Services for approximately $78 million in cash, with potential earnouts of up to $15 million based on performance through December 2022. This acquisition is expected to significantly enhance REPAY's B2B payment solutions and broaden its market reach into sectors like education and government. CPS, founded in 2011, provides automated payment technology, serving over 160 enterprise clients across various sectors including healthcare and media.
APS Payments, a REPAY company, announced a technology integration with Sage X3, enhancing payment solutions for businesses. Users can now utilize APS ClickToPay and APSPays Vault within the Sage X3 financial management module, facilitating secure credit card and ACH payments with Level 3 transaction processing. This integration complements existing services with Sage 100, 300, and 500. Key features include automated batch reporting, multi-currency capabilities, and 24/7 support, all available at no cost. The integration aims to streamline invoice payments, helping businesses get paid faster.
Repay Holdings Corporation (NASDAQ: RPAY) announced a new integration with Sage X3, enhancing payment processing for medium-sized businesses. This integration allows users to submit invoices directly from the platform, streamlining B2B transactions. Current Sage X3 users can access this feature at no additional cost, enabling secure credit card or ACH payments through APS Payments, a REPAY company. The integration supports Level 3 transaction processing, showcasing REPAY’s commitment to improving business workflows in the financial industry.
Repay Holdings Corporation (NASDAQ: RPAY) announced a definitive agreement to acquire CPS Payment Services for up to $93 million, with $78 million payable at closing. This acquisition, expected to close in Q4 2020, will be financed using cash on hand. CPS provides B2B payments and accounts payable automation technology, serving over 160 enterprise clients across sectors such as healthcare and education. The deal aims to enhance REPAY's B2B offerings, increase its total payment volume to over $4 billion, and expand its supplier network significantly.
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