Payments Fintech REPAY, Quadient to Enhance AP Automation Platform

Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, announced a new partnership with Quadient, a key player focused on helping businesses create meaningful customer connections through digital and physical channels.

The partnership enhances the Quadient AP automation solution by “offering their customers REPAY’s embedded payment capabilities.”

Through its integration with REPAY, companies using Quadient’s Accounts Payable automation solution can securely “pay vendor and supplier invoices using digital payment methods, including virtual card, ACH, Enhanced ACH and Real-Time Payments (RTP), saving time and reducing costs while increasing visibility and control.”

Featuring real-time reporting updates and payment batch processing, digitizing outbound payments improves operational efficiencies and “expedites the invoice payment process to significantly improve the experience for Quadient customers.”

Darin Horrocks, EVP, Business Payments at REPAY, said:

“Both Quadient and REPAY are committed to the ongoing evolution of embedded payment solutions that drive automation while simplifying and optimizing the accounts payable process. We’re thrilled to join forces with Quadient and look forward to working together on new ways to optimize payments and integrate our technologies for improved cash flow, streamlined internal processes, and increased customer and vendor satisfaction.”

Chris Hartigan, Chief Solution Officer, Intelligent Communication Automation at Quadient. said:

“We are delighted to partner with REPAY to simplify the payment experience for accounting teams at businesses of all sizes. Through this partnership, we can help businesses further automate AP processes to streamline and digitize their workflows, reducing manual efforts and delivering even more value to our customers and their vendors.”

As covered, REPAY says that it “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.”

As covered, Repay Holdings Corporation announced the expansion of eCash acceptance capabilities for lenders and other businesses to accept bill and loan installment payments from their customers at nearly 100,000 U.S. retail locations.

By digitizing and integrating cash payments, clients can “increase customer satisfaction by offering more payment choices across REPAY’s verticals, including personal finance, auto finance, credit unions and mortgage.”

Leveraging eCash, REPAY bridges the gap “between online and cash payments to simplify the payment experience and improve accessibility for the underbanked community and those who prefer to pay using cash.”

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