Timely payments from borrowers are vital to maintaining a healthy lending business. One way to increase payments is through an open and effective line of communication. No matter what type of loan you’re dealing with — car, personal or mortgage — lenders and borrowers should be able to easily communicate to ensure both sides remain in good financial standing. 

REPAY is proud to announce that AccountMate recently recognized us as Outstanding Vertical Solution Partner of the Year for 2022.

At REPAY, we strive to provide fast, frictionless and fully integrated digital payment solutions for AccountMate users. We are committed to leveraging technologies and providing solutions that streamline payments while providing industry leading support to keep your business running smoothly.

When an integrated partner recognizes REPAY’s delivery on that commitment, it’s truly...

Digital payment technology has made tremendous strides over the years, enabling anyone to receive or make payments from almost anywhere. Offering consumers digital payment options gives lenders a significant advantage but also opens the door to potential bad actors. Financial institutions store highly valuable information, making them the perfect targets for security breaches. As a result, security risks are rising, making it essential for lenders to implement safety measures that minimize these...

In the hospitality industry, managing finances is an essential task that can significantly impact the success of a business. Key aspects of financial management include accounts receivable (AR) and accounts payable (AP). This blog will discuss AR and AP, why they are essential, and how you can effectively manage them for the hospitality industry.

“Efficiency, which is doing things right, is irrelevant until you work on the right things.”

This quote by management expert Peter Drucker is something to consider as you assess the functions of your auto dealership’s accounts payables (AP) department and decide how they might be improved. Chances are, you will find operations bringing limited value to your cash flow and processes that hinder your vendor relationships.

Reliable and fast vendor payments are critical for dealerships because they must keep their inventory stocked and bills paid to grow and scale with the ever-changing market. Too often, payments are slowed by the manual process of cutting and mailing checks which leave dealerships with high labor costs associated with the accounts payable (AP) process.

Payment processors are essential for any business that accepts customer payments or makes payments to their vendors. They are particularly beneficial to Processing ISOs and Retail ISOs who own merchant portfolios. Because payment processors come in all shapes and sizes, it can be challenging to decide what size processor will best support the ISO's goals.

When you open your wallet to make a payment on a loan or bill, have you ever considered why you reached for a particular payment method? Whether you are trying to earn travel miles on a credit card or are being mindful of your budget with debit cards, we all have different reasons for making our payment choices.

Most people dread tax season — a typically chaotic time of year when we scramble to get our documents organized in a timely and accurate manner. Some of us get them done early, while others wait until the last minute.