REPAY Is Now a Certified Integration Partner With Corelation’s KeyStone Platform

Rhea-AI Summary

REPAY (NASDAQ: RPAY) has achieved Certified Integration Partner status with Corelation, a core processor for credit unions. This partnership allows REPAY to integrate with Corelation's KeyStone platform, simplifying operations and streamlining payment processing for credit unions. The certification ensures that REPAY meets best practices and security standards via the KeyBridge API. This integration allows credit union members to make omni-channel payments through online portals, text, mobile, and IVR, with real-time updates on loan and payment information. Enhanced security measures, such as payment tokenization and encryption, are also part of this offering.

Positive

• Achieved Certified Integration Partner status with Corelation.
• Integration with Corelation’s KeyStone platform simplifies operations for credit unions.
• Enables omni-channel payments via online portals, text, mobile, and IVR.
• Real-time updates on loan and payment information enhance operational efficiency.
• Enhanced security through payment tokenization and encryption reduces fraud risk.
• Recognition as a KeyBridge Certified partner reflects adherence to best practices and security standards.

Negative

• No specific financial impact on revenue or profitability outlined.
• Failure to detail any immediate return on investment for shareholders.
• Potential over-reliance on partnerships could pose a risk if relationships falter.

Corelation recognizes REPAY as a KeyBridge Certified partner, validating best practices and security standards

ATLANTA--(BUSINESS WIRE)-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced that the company has achieved Certified Integration Partner status with Corelation, a leading and innovative core processor for credit unions. By further leveraging REPAY’s integration with Corelation’s KeyStone platform, credit unions can simplify operations, streamline payment processing and surpass member expectations.

Continued success with Corelation has earned REPAY recognition as a KeyBridge Certified partner, meaning clients can rest assured that REPAY’s integration with Corelation is utilizing best practices for the KeyBridge API, which provides third-party solution capabilities to KeyStone users directly through the core utility platform. Through REPAY’s partnership with Corelation, members of credit unions that leverage KeyStone can make omni-channel payments via an online portal, text, mobile and IVR. Payment data is then posted back to Corelation in real time, streamlining operations and providing real-time loan and payment information to credit union staff and members. Payment tokenization and encryption offer enhanced security and reduce the risk of fraud while allowing members to securely store payment information for future transactions.

“We are very pleased to become a KeyBridge Certified partner, and we’re excited about what this will mean for financial institutions down the road,” said Jake Moore, EVP, Consumer Payments, REPAY. “Flexibility in payment methodology and modality are critical to the success of financial institutions in today’s competitive landscape, but credit unions also need to be sure their solutions are utilizing best practices for security. With this certification, credit unions can feel confident in REPAY’s ability to deliver seamless payment experiences to their members.”

“We are proud to add REPAY to our lineage of successful KeyBridge Certified partners,” said Tim Maron, Chief Revenue Officer of Corelation. “Our recognition of REPAY is a direct reflection of REPAY’s dedicated efforts to working closely with our team to deliver a fully integrated solution that meets the needs of credit unions. Given REPAY's proficiency in digital payments and our expertise in the credit union space, we believe we have a prosperous partnership ahead of us.”

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. For more information, visit www.repay.com.

About Corelation

Based in San Diego, CA, Corelation is the innovative core processor for today’s credit union. This solution is a person-centric system that empowers credit unions to offer the best member service possible, enhancing their value for member attraction and retention. In terms of industry experience, Corelation’s staff has dedicated their careers to creating core systems and providing unparalleled client service. For more information, visit www.corelationinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240516556861/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 does the Certified Integration Partner status mean for REPAY (RPAY)?

The Certified Integration Partner status with Corelation means REPAY meets best practices and security standards for integrating with Corelation's KeyStone platform.

How does REPAY's integration with Corelation's KeyStone platform benefit credit unions?

The integration simplifies operations, streamlines payment processing, and provides real-time updates on loan and payment information for credit unions.

What payment methods are available through REPAY's integration with Corelation's KeyStone platform?

Credit union members can make payments via online portals, text, mobile, and IVR.

What security measures are included in REPAY's integration with Corelation's KeyStone platform?

The integration includes payment tokenization and encryption to enhance security and reduce fraud risk.

How does the KeyBridge Certified partner status impact REPAY's business?

The status reflects REPAY's adherence to best practices and security standards, potentially increasing trust and adoption among credit unions.