Repay, a provider of vertically integrated payment solutions, this week announced a new partnership and technology integration with Kredit Financial, a digital debt resolution platform and network. The collaboration enables collection agencies, debt buyers and collection law firms that use Kredit’s technology platform to offer flexible payment methods that reduce friction and increase transparency and accountability.
Through the integration, Kredit users can accept card and ACH payments directly through Kredit’s debt resolution platform, streamlining the payment collection process and enabling businesses to optimize internal workflows and simplify reconciliation. Providing accessible and secure ways to pay, including through Kredit’s online portal, improves collection efforts by empowering consumers to pay when it’s most convenient for them, the companies believe.
“The collections process can be challenging and complex,” said Jake Moore, EVP of consumer payments for Repay. “By partnering with Kredit, we’re making it easier, faster and more secure for debt collectors to accept payments and track payment progress, which is critical in this industry. On the other side, we’re also reducing friction and making it more convenient and flexible for consumers to pay their debts using their preferred methods.”
“We place a strong emphasis on our clients and their experiences with our technology platform, and we’re continuously looking for new ways to add value and convenience,” added Dave Hanrahan, co-founder and CEO of Kredit. “We look forward to working with Repay to modernize collections and make it easier for clients to collect payments and communicate with consumers.”
Repay provides integrated payment processing solutions to verticals that have specific transaction processing needs. Its proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients.
Kredit is a digital debt resolution platform and network. Its software applications help creditors, ARM organizations, and consumer financial advisors to simplify and modernize their collection communications. It also enables consumers to unify all accounts in collection into a single platform while managing, paying, and communicating with vendors in a friendly, efficient, and consumer-oriented way.