REPAY Blog

REPAY congratulates Patty Benitez and Liz Anderson for making it on the CRN’s 2019 Women of the Channel ListIf you have ever partnered with REPAY, then you have experienced our dedication to the channel. We are proud to have two outstanding executives at REPAY honored and recognized for their dedication to supporting the channel by being recognized on the CRN’s Women of the Channel 2019 list. If you have ever worked with Patty Benitez or Liz Anderson, then it is no surprise these channel veterans have been...

How People Pay with Their Phones

on April 30, 2019 | By Kristen Hoyman | Mobile Payments, Payment Technology

To be a successful fisherman, you must fish where the fish are. Like fishing, marketing for your business really boils down to finding your fish and telling them about what you offer.

Auto Lenders Can Decrease Delinquencies by Offering Multiple Ways to Pay

on April 24, 2019 | By Kristen Hoyman | Auto Lender Payment Processing, Payment Technology

Auto lenders are facing a big problem: credit quality is deteriorating. Private lenders and buy here pay here lenders are getting hit the hardest.

Losing Revenue Doesn’t Need to Be the Norm for Any Financial Institution

on February 28, 2019 | By Kristen Hoyman | Healthcare

It often feels counterintuitive for financial institutions to write off bad debts. After all, a loan portfolio is an asset toward any financial institution’s future revenue. Also, if a financial institution is unable to practice debt collection effectively, how can other businesses follow suit? So, why do financial institutions write off bad debt? How can they find opportunities to recoup this lost revenue? Could data analytics be useful in helping organizations to work out which debtors are likely to make...

What Are Push Payments & Why Do Lenders Need Them?

on February 25, 2019 | By Kristen Hoyman | Lenders, Instant Funding

Thanks to the fintech industry, more firms are making more consumer loans at lower interest rates than ever before.

Mobile Apps Make Payments Easy

on January 29, 2019 | By Kristen Hoyman | Mobile Payments

More people are using mobile apps to pay for more items – from morning coffee to car notes to rent – than ever before.

Collection Firms: Collect Faster with More Payment Options

on January 16, 2019 | By Kristen Hoyman | ACH / EFT Processing, Debit Cards, Payment Technology, ARM Collections Payment Processing

For your collections business, we’re sure you’d agree that you need to collect faster on your portfolio to make more money.

Buyer Initiated Payments – Giving Your B2B Sales A Boost

on November 16, 2018 | By Kristen Hoyman | B2B

BIPs or buyer initiated payments are increasingly being seen as one of the best ways to boost B2B sales. Sometimes called “push payments,” BIPs are a form of commercial card transaction that is very different from standard card processing.

A New Approach to Service: Automated and Unassisted Payments

on November 5, 2018 | By Kristen Hoyman | Auto Lender Payment Processing, Payment Technology

There’s no doubt that consumer preferences are evolving quickly while expectations for high quality service continue to rise. Dealers not only have to identify the right mix of product and service offerings to attract new customers, they must consider how to effectively nurture these customers past the initial sale to develop long term relationships and establish recurring revenue streams.

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