REPAY Integrates with Lexop to Provide Seamless Payments for Credit Unions
01 Fevereiro 2024 - 10:30AM
Business Wire
Embedded payment technology from REPAY provides
enhanced payment options for credit unions using Lexop’s digital
collection software
Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading
provider of vertically-integrated payment solutions, today
announced a new technology integration with Lexop, a self-service
software for credit unions, financial institutions, and other
financing companies that optimizes the repayment journey for
past-due consumers. The REPAY integration with the Lexop
collections management software enables their clients to collect
late payments more efficiently, receive real-time payment updates,
increase engagement, and minimize loan servicing costs.
Lexop clients can now offer members an integrated self-service
portal, empowered by REPAY’s embedded payments technology, to make
payments more easily at members’ convenience. Additionally, credit
unions and financial institutions can accept debit card, as well as
automated clearing house (ACH), payments via text, mobile, and IVR.
REPAY’s embedded payments engine seamlessly sends payment data back
to Lexop in real time, streamlining reconciliation and accounting
operations.
“Collecting late payments can be a stressful and challenging
operation for both credit unions and their members, especially when
members cannot make payments though their preferred channel,” said
Jake Moore, EVP, Consumer Payments, REPAY. “REPAY’s integration
with Lexop helps to alleviate that burden by offering multiple
payment options, making remittance convenient for members and
payment updates instantaneous for their financial
institutions.”
“Lexop is proud to empower credit unions with flexible payment
options and further improve the efficiency of accounting functions
through our integration with REPAY,” said Amir Tajkarimi, CEO and
Co-Founder of Lexop. “We prioritize credit union members’
well-being during the collection process and are confident that the
new capabilities enabled by REPAY will enhance our customers’
ability to build strong connections with their members through
convenient payment methods.”
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 Lexop
Lexop is a leading digital payment and collection software
solution that empowers members to self-cure their late bills. With
advanced automation capabilities, data analytics, and an intuitive
payment portal, we streamline the entire collection process, making
it more efficient and cost-effective than traditional methods.
Lexop is on an exciting journey to revolutionize the collection
experience for credit unions and their members by offering a
user-friendly solution to improve contact rates, payment recovery,
and member satisfaction. Learn how Lexop is empowering members and
redefining collections at www.lexop.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240201566449/en/
Investor Relations for REPAY: IR@repay.com Media
Relations for REPAY: Kristen Hoyman khoyman@repay.com Media
Relations for Lexop; Laura Chambers laura.c@lexop.com
Repay (NASDAQ:RPAY)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Repay (NASDAQ:RPAY)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024