REPAY Provides Seamless Payments for Megasys’ Consumer Lending Platform
May 24 2022 - 8:30AM
Business Wire
Through the technology integration, lenders
will be able to accept and manage installment and auto loan
payments on the Megasys system
Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY"), a leading
provider of vertically-integrated payment solutions, today
announced an integration with Megasys, a loan management software
system specializing in the consumer finance industry. Through the
integration, Megasys’ customer base of consumer and auto lenders
will be able to accept electronic payments through REPAY’s
omni-channel payment platform.
Utilizing the integration, lenders can provide a more convenient
payment experience that allows consumers to make loan repayments
via ACH and card through online, mobile, IVR, and text channels at
times that work best for them. The seamless data flow between the
two systems, along with access to robust data and reporting tools,
will enable Megasys’ customers to better manage cashflow and create
more efficient workflows and reconciliation processes.
“Megasys’ experience in the consumer finance industry makes them
a natural partner for REPAY, as the team deeply understands the
importance of a convenient and secure payment ecosystem,” said
Susan Perlmutter, CRO at REPAY. “We’re looking forward to helping
the company provide the best possible service to consumer and auto
lenders across the country and will continue to work diligently to
deliver solutions that enhance the payment experience for both
businesses and consumers.”
“REPAY’s expertise in the industry and their commitment to
providing great service to our customers will add value to our
comprehensive product offering,” said Theo Austin, President &
CEO at Megasys. “With our new integration, we’re ready to offer a
more holistic payment experience for lenders and their customers,
while helping businesses improve their bottom line and stay
competitive in a challenging climate.”
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220524005377/en/
Investor Relations Contact for REPAY: repayIR@icrinc.com
Media Relations Contact for REPAY: Kristen Hoyman
khoyman@repay.com
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