REPAY Blog

Driving Debit Card Adoption Can Decrease Delinquent Payments

on March 9, 2023 | By Megan Carswell | Debit Cards, Lenders, Instant Funding, Payment Technology

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.

What is Omni-Channel Payment Processing?

on August 30, 2022 | By Megan Carswell | Mobile Payments, ACH / EFT Processing, Debit Cards, IVR Payments, Credit Cards, Payment Technology, Online Payment Portal, Contactless Payments

Customer expectations and demands constantly change. We live in a digital age where customers value seamless, convenient and flexible experiences that allow them to pay wherever they are and however they want. According to McKinsey, over three-quarters of Americans use digital payments, including contactless in-store purchases, browser or in-app online payments and person-to-person payments.

REPAY Study Highlights Importance of Digital Payments When Choosing a Loan Provider

on August 8, 2022 | By Megan Carswell | Mobile Payments, Debit Cards, Payment Technology, Online Payment Portal, Contactless Payments

Payment digitization has transformed how businesses and consumers pay. Consumers, including borrowers, are looking for faster and more convenient payment options and are not afraid to seek out providers who offer their preferred payment technology.

REPAY and Smarter Loans Discuss Trends in the Lending Industry

on June 23, 2020 | By Kristen Hoyman | ACH / EFT Processing, Debit Cards, Lenders, Instant Funding, Credit Cards, Payment Technology

REPAY recently participated in an interview with Smarter Loans to discuss the latest digital transformation trends in the lending industry.

Expanded Payment Options Improve Auto Loan Performance

on May 7, 2020 | By Kristen Hoyman | Debit Cards, Auto Lender Payment Processing, Credit Cards, Payment Technology

Are you using payment technology to manage your loan portfolio effectively? A 2019 Experian study shows auto loan debt is at a record high. As an auto lender, your first thought might be, “Well, of course. Cars are more expensive, and more people finance them now.”

Tax Season is a Huge Payment Opportunity for Auto Dealers & BHPH

on February 26, 2020 | By Kristen Hoyman | ACH / EFT Processing, Debit Cards, Lenders, Auto Lender Payment Processing, Credit Cards, Payment Technology

Take advantage of one of the few times of year you KNOW your customers have money for both down payments and loan payments.

The average tax refund last year was $2,869, according to Marketwatch.

Speed of Payments: Which Payment Method is Fastest?

on August 2, 2019 | By Kristen Hoyman | ACH / EFT Processing, Debit Cards, Credit Cards, Payment Technology

When people consider adding payment processing to their business operations, their first thought is credit and debit cards quickly followed by ACH and check processing. The truth is, there are a lot of options out there, and they all come with their own unique benefits.