REPAY to Serve as Backend Clearing and Settlement Provider for MiCamp Solutions

Rhea-AI Summary

Repay Holdings Corporation (NASDAQ: RPAY) has been selected by MiCamp Solutions as their new clearing and settlement processor. This partnership will leverage REPAY's end-to-end processing capabilities, which include next-day funding, detailed reporting, and chargeback management. REPAY's customizable platform is expected to enhance efficiency and implementation speed compared to legacy processors. MiCamp aims to transition from a retail ISO to a full liability portfolio, making this collaboration pivotal for their growth strategy.

Positive

• MiCamp Solutions has chosen REPAY for its customizable clearing and settlement processing.
• REPAY offers next-day funding, robust reporting, and chargeback management.
• The partnership supports MiCamp's transition to a full liability portfolio, enhancing growth potential.

Negative

• None.

REPAY to offer customizable program and end-to-end processing capabilities, helping the ISO move from a retail ISO to a full-liability portfolio

ATLANTA--(BUSINESS WIRE)-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced MiCamp Solutions (“MiCamp”) has chosen REPAY as its new clearing and settlement processor. REPAY will offer full-service, end-to-end processing capabilities, next-day funding, robust reporting with daily risk and settlement statements, and chargeback management.

REPAY’s proprietary clearing and settlement platform offers fully customizable programs, providing greater efficiency and quicker implementation than the legacy processors in the space. MiCamp selected REPAY as its clearing and settlement processor due to REPAY’s relationships with over a dozen sponsor banks and REPAY’s ability to service ISOs with comprehensive solutions specifically made for boarding, maintenance, risk and accounting.

“MiCamp is going through an important time in the trajectory of their company, and we’re thrilled to work with the team and their sponsor bank as they move from a retail ISO to a full liability portfolio,” said Shaler Alias, President, REPAY. “Our clearing and settlement platform is equipped to be flexible and provide the specific solutions that make the most sense for MiCamp and its merchants.”

“REPAY understands exactly what it takes to enhance the merchant experience through full-scale payment processing,” said Micah Kinsler, President, MiCamp Solutions. “As we look at our ISV business as an overall growth driver for our company, REPAY is a true partner every step of the way, helping us navigate the difficult decisions typically associated with becoming a full service provider.”

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.

About MiCamp Solutions

A financial technology firm, MiCamp Solutions is a trusted, worldwide leader for secure payment processing solutions. Founded in 2007 and headquartered in Scottsdale, AZ, the company now has 25,000 clients world-wide, and processes $17 billion annual payment volume. MiCamp provides consulting and custom application engineering services designed to provide its merchants and partners relief from the payment pain points they are experiencing. The company’s extensive experience spans the entire spectrum of the global electronic payments industry and are utilized in conjunction with its core principles—Be Elite, Competitive, Reliable, Secure and Transparent. MiCamp always stands by its commitment to its clients, wanting to be “Your Best Relationship in Business.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005001/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 recent announcement involving Repay Holdings Corporation (RPAY)?

Repay Holdings Corporation (RPAY) announced that MiCamp Solutions has selected it as their new clearing and settlement processor.

What benefits will MiCamp Solutions gain from partnering with REPAY?

MiCamp will gain access to REPAY's end-to-end processing capabilities, including next-day funding and chargeback management.

Why did MiCamp Solutions choose REPAY as their processor?

MiCamp chose REPAY for its customizable platform, robust reporting features, and strong relationships with sponsor banks.

How will the partnership impact MiCamp's business strategy?

The partnership will assist MiCamp in transitioning from a retail ISO to a full liability portfolio, enhancing its growth strategy.