Cloud-based software solutions provider Inovatec Systems has partnered Repay Holdings to improve payment services for lenders.
The collaboration will enable lenders and finance companies on the Inovatec system to accept payments through Repay’s payment channels. The service will allow the companies to accept debit cards, credit cards and ACH payments.
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The Repay’s payment channels include its mobile app, text-to-pay, Interactive Voice Response (IVR) phone pay and online payment portals.
Repay chief revenue officer Susan Perlmutter said: “Inovatec’s extensive experience across automotive, equipment, and consumer sectors, along with its strong presence in the United States and Canada, makes this a valuable and exciting partnership to embark on.
“These critical times have proven how important it is for lenders to offer convenient, easily accessible digital payment solutions to their customers to help reduce friction in the loan origination and repayment processes.”
Inovatec Customer Growth and Strategic Partnerships head Bryan Smith said: “We look forward to our partnership with Repay and are thrilled to now have the ability to provide fast and secure payment processing solutions to our clients.
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By GlobalData“We chose to partner with Repay because of the company’s seamless integration capabilities, direct lending processing solution and distinct experience in the automotive industry.”
Headquartered in Atlanta, Georgia, Repay focuses on providing vertically-integrated payment solutions.
In February, the company acquired Ventanex, a smart transaction technology company.
