Repay, a provider of vertically-integrated payment solutions, this week announced a new technology integration with Akuvo, a 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 leverage Repay’s embedded payment technology to manage the full payments lifecycle and offer account holders a 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, Repay’s EVP of consumer payments. “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.”
Akuvo provides 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.
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.