REPAY Partners with Green Dot to Expand Cash Bill Pay Innovations for Consumers and Businesses
14 Dezembro 2023 - 10:30AM
Business Wire
The Green Dot Network will enable bill payment
options for REPAY’s clients and their customers who transact in
cash
Green Dot Corporation (NYSE: GDOT) today announced that Repay
Holdings Corporation (“REPAY”), a leading provider of vertically
integrated payment solutions, has joined its growing list of
partners utilizing the Green Dot Network to expand bill payment
options for REPAY’s clients spanning personal finance, auto
finance, credit unions, mortgage and other industries. Powered by
the expansive Green Dot Network, REPAY clients can now support
their customers with eCash payment options at more than 45,000
retail locations across the United States.
“As a leader in the transformation of integrated digital
payments, we continuously look for opportunities to expand and
enhance our solutions across payment modalities and networks,” said
Jake Moore, EVP, Consumer Payments, REPAY. “Offering our clients
the ability to securely and efficiently accept cash payments will
enable them to deliver additional bill payment options, driving
customer satisfaction.”
Cash payments account for at least 20 percent of all
transactions, according to the Federal Reserve.1 By partnering with
Green Dot, REPAY is able to offer businesses the ability to accept
cash bill payments and make more than 45,000 convenient retail
locations available to their customers to pay bills quickly and
safely with cash in person.
“Enabling businesses to transact and provide customers with more
options to pay bills and move money is core to our mission to give
all people the power to bank seamlessly, affordably and with
confidence,” said Crystal Bryant-Minter, SVP, Money Movement at
Green Dot. “We’re proud to partner with REPAY to offer small
businesses the functionality they need to expand financial access
for their clients and customers.”
For more than 20 years, Green Dot has expanded access to modern
banking and payment tools for consumers and businesses. The Green
Dot Network of more than 90,000 retail locations throughout the
U.S. offers cash-in and cash-out capabilities in stores including
Walmart, Walgreens, 7-Eleven, CVS and more. As traditional banks
continue closing brick and mortar locations across the U.S.,
particularly in underbanked communities, the Green Dot Network
provides seamless access to cash services for almost all U.S.
consumers, with 96 percent of the U.S. population living within
three miles of a Green Dot Network location.
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.
About Green Dot
Green Dot Corporation (NYSE: GDOT) is a financial technology and
bank holding company committed to giving all people the power to
bank seamlessly, affordably and with confidence. Green Dot's
technology platform enables it to build products and features that
address the most pressing financial challenges of consumers and
businesses, transforming the way they manage and move money and
making financial empowerment more accessible for all.
Green Dot offers a broad set of financial services to consumers
and businesses including debit, checking, credit, prepaid and
payroll cards, as well as robust money processing services, tax
refunds, cash deposits and disbursements. Its digital bank GO2bank
offers consumers simple and accessible mobile banking designed to
help improve financial health over time. The company’s banking
platform services (or "BaaS") business enables a growing list of
the world’s largest and most trusted consumer and technology brands
to deploy customized, seamless, value-driven money management
solutions for their customers.
Founded in 1999, Green Dot has powered more than 33 million
accounts directly, and many millions more through its partners. The
Green Dot Network of more than 90,000 retail distribution locations
nationwide, more than all remaining bank branches in the U.S.
combined, enables it to operate primarily as a "branchless bank."
Green Dot Bank is a subsidiary of Green Dot Corporation and member
of the FDIC2. For more information about Green Dot’s products and
services, please visit www.greendot.com.
___________________________ 1 FEDNOTES: 2022 Findings From the
Diary of Consumer Payment Choice, May 5, 2022 2 Green Dot Bank also
operates under the following registered trade names: GO2bank,
GoBank and Bonneville Bank. All of these registered trade names are
used by, and refer to, a single FDIC-insured bank, Green Dot Bank.
Deposits under any of these trade names are deposits with Green Dot
Bank and are aggregated for deposit insurance coverage up to the
allowable limits. Green Dot Corporation NMLS #914924; Green Dot
Bank NMLS #908739.
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version on businesswire.com: https://www.businesswire.com/news/home/20231214153935/en/
Whit Chapman wchapman@greendotcorp.com
Kristen Hoyman khoyman@repay.com
Green Dot (NYSE:GDOT)
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