REPAY Launches Payment Integration with AKUVO

Rhea-AI Summary

Repay Holdings Corporation (NASDAQ: RPAY) announced a new technology integration with AKUVO, a leading provider of cloud-based software for financial institutions. The integration with Aperture, AKUVO’s collections management software, enables financial institutions to accept digital payments, ensuring secure, real-time data exchange for streamlined operations and simpler reconciliation. This partnership aims to offer account holders a convenient payment experience and enhance visibility into payment data within Aperture, driving faster payment reconciliation.

REPAY’s embedded payment technology empowers simple, seamless payment experiences for financial institutions using Aperture, AKUVO’s flagship collections management platform

ATLANTA--(BUSINESS WIRE)-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a new technology integration with AKUVO, a leading provider of cloud-based software that elevates how financial institutions collect and manage their portfolios. The REPAY integration with Aperture, AKUVO’s collections management software, enables financial institutions to accept digital payments, while utilizing a secure, real-time data exchange for streamlined operations, robust reporting and simpler reconciliation.

AKUVO clients can now leverage REPAY’s embedded payment technology to manage the full payments lifecycle and offer account holders a streamlined, convenient payment experience that can be accessed via a secure online portal. Banks and credit unions will have enhanced visibility into payment data within Aperture, reducing the need to switch between systems and driving faster payment reconciliation.

“Collections is a complex, multi-party process, and we recognize the importance of making the payment process simple and convenient for both financial institutions and consumers,” said Jake Moore, EVP, Consumer Payments, REPAY. “Our partnership with AKUVO is making it easier, faster and more secure for account holders to make payments and for financial institutions to collect payments and manage the data exchange through one single platform.”

“At AKUVO, we are committed to offering best-in-class technologies that deliver efficient, innovative experiences to our clients and their account holders,” said Mike Ruggiero, SVP of Relationships at AKUVO. “We’re thrilled to partner with REPAY to streamline collections and continue to help our clients grow revenue and scale operations.”

About AKUVO
AKUVO is a leading provider of cloud-based software that elevates how financial institutions collect and manage their portfolios via its product, Aperture. It provides the technology and data necessary to increase collections efficiency, reduce staff costs, anticipate delinquencies, and provide insight into future credit decisions. AKUVO is defining the future of collections and account performance management with a visionary, behavior-based approach while taking full advantage of emerging technologies such as artificial intelligence, natural language processing, and machine learning. To learn more, visit www.akuvo.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/20231212985032/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 new technology integration announced by Repay Holdings Corporation (NASDAQ: RPAY)?

Repay announced a new technology integration with AKUVO, a leading provider of cloud-based software for financial institutions, enabling them to accept digital payments and ensuring secure, real-time data exchange for streamlined operations and simpler reconciliation.

What are the benefits of the integration with Aperture, AKUVO’s collections management software?

The integration with Aperture enables financial institutions to offer account holders a convenient payment experience and enhances visibility into payment data within Aperture, driving faster payment reconciliation.

Who is the EVP, Consumer Payments, at REPAY?

Jake Moore is the EVP, Consumer Payments, at REPAY.

Who is the SVP of Relationships at AKUVO?

Mike Ruggiero is the SVP of Relationships at AKUVO.