REPAY Partners with PDI Technologies to Automate Accounts Payable Payments for PDI Enterprise Customers

Rhea-AI Summary

Repay Holdings Corporation has announced a technology integration with PDI Technologies, Inc. to offer embedded accounts payable automation to PDI Enterprise customers. The integration allows PDI customers to access innovative AP automation solutions, digitize outbound payments, and improve internal workflows. The use of digital payment methods reduces risk and provides greater control and visibility into the payment process. This partnership aims to help businesses embrace digital payments and realize efficiencies.

Partnership enables PDI Technologies convenience retail and petroleum wholesale customers to simplify and optimize their vendor payment processes

ATLANTA--(BUSINESS WIRE)-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, announced a technology integration with PDI Technologies, Inc. (PDI), a global leader delivering powerful solutions and insights that serve as the backbone of the convenience retail and petroleum wholesale ecosystem, to offer embedded accounts payable (AP) automation to PDI Enterprise customers.

Through the integrated offering, PDI customers will have access to innovative and dynamic AP automation solutions. By utilizing the embedded payment technology from REPAY, AP teams can digitize and optimize outbound payments to vendors and suppliers, enabling companies to gain operational efficiencies and improve internal workflows by removing manual, paper-intensive processes. The use of digital payment methods, including virtual cards, reduces risk by minimizing human error and eliminating paper checks. Furthermore, AP teams will benefit from greater control over the payment process and increased visibility into payment tracking and exceptions.

“REPAY’s mission is to provide best-in-class payment solutions that allow businesses of all types to easily embrace digital payments that provide a better experience for clients, vendors and employees,” said Darin Horrocks, EVP, Business Payments at REPAY. “We are thrilled to partner with PDI to help their customers digitize AP vendor payments and realize efficiencies that ultimately benefit the bottom line.”

“Having a proven and reliable full-service B2B AP payments solution like REPAY helps retailers and wholesalers solve what is otherwise a cumbersome manual process often associated with high costs, payment delays and fraud risk,” said Drew Mize, EVP and GM, North America Enterprise Productivity, PDI. “PDI customers can reduce costs and improve employee productivity when integrating REPAY with the PDI Enterprise solution.”

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/20231102383348/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 partnership between Repay Holdings Corporation and PDI Technologies, Inc. about?

The partnership enables PDI Enterprise customers to access embedded accounts payable automation solutions provided by Repay Holdings Corporation.

What benefits do PDI customers get from this integration?

PDI customers can digitize and optimize outbound payments, improve internal workflows, reduce risk, and gain greater control and visibility into the payment process.

How does this partnership help businesses?

The partnership helps businesses embrace digital payments, realize efficiencies, and benefit from a better payment experience for clients, vendors, and employees.

What are the advantages of using digital payment methods?

Digital payment methods, including virtual cards, minimize human error, eliminate paper checks, and provide increased control and visibility into payment tracking and exceptions.

What is the goal of REPAY in this partnership?

REPAY aims to provide best-in-class payment solutions that allow businesses to easily embrace digital payments and realize efficiencies that benefit the bottom line.

How does REPAY's payment solution help retailers and wholesalers?

REPAY's full-service B2B AP payments solution helps retailers and wholesalers reduce costs, improve employee productivity, and mitigate payment delays and fraud risk.