ATLANTA–(Enterprise WIRE)–Jan 20, 2021–
Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a top service provider of vertically-built-in payment remedies, these days declared a technologies integration with Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and built-in B2B payments chief. By means of REPAY’s participation in Billtrust’s Organization Payments Community (BPN), REPAY’s corporate customers will immediately acquire the capacity to automate digital payments to Billtrust’s broad network of suppliers, distributors and distributors – the two accelerating and simplifying the payment process, whilst also further more scaling adoption of virtual credit history playing cards.
Typically, business enterprise buyers should function with every provider individually to obtain, validate, and securely retailer lender data in order to send payments electronically. REPAY’S B2B choices, which incorporate people from latest acquisitions, cPayPlus and CPS Payment Solutions, help automate those connections for tens of 1000’s of vendor relationships. The integration with Billtrust will expand REPAY’s reach to a number of thousand added suppliers on the BPN, quickly streamlining the payments procedure for equally potential buyers and their suppliers and enabling payments to be sent in the companies’ preferred formats, such as virtual credit rating playing cards.
“Our aim is often to aid our customers simplify and enhance their vendor payments by automating payments through a solitary interface. We consider our partnership with Billtrust will substantially bolster the adoption of electronic payments to suppliers who take part in the BPN,” explained Darin Horrocks, Senior Vice President, B2B, at REPAY.
“The assistance and provider field has found an acceleration in adoption and desire of electronic payments to streamline efficiencies and minimize fees connected to the bill-to-money method,” stated Nick Babinsky, Senior Vice President and General Supervisor, Business Payments Network at Billtrust. “Considering REPAY’s impressive payment automation platform and digital card capabilities, this partnership was a all-natural healthy. Their B2B shoppers will now be capable to instantly leverage the comprehensive and continuously increasing Billtrust network of suppliers.”
REPAY offers integrated payment processing alternatives to verticals that have particular transaction processing desires. REPAY’s proprietary, built-in payment technological innovation platform decreases the complexity of electronic payments for merchants, when boosting the all round encounter for shoppers and companies.
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PUB: 01/20/2021 08:30 AM/DISC: 01/20/2021 08:30 AM
Copyright Business Wire 2021.
