REPAY Acquires PaidSuite

ATLANTAOct. 31, 2017 /PRNewswire/ – Realtime Electronic Payments (REPAY), a premier full-service provider of advanced payment technology products and electronic transaction processing services for the consumer finance industry, has acquired PaidSuite, an electronic payments provider to the Accounts Receivable Management industry. Both companies will continue growing and investing in their respective industries and will now benefit from shared technology, resources and relationships.

“This is a highly strategic acquisition. The deal expands our product capabilities and enhances our integrations in the Accounts Receivable Management industry, enabling us to better serve existing and prospective customers,” said John Morris, Chief Executive Officer of REPAY.

“We are impressed with the quality of PaidSuite’s people and look forward to welcoming Michael and the team to the REPAY family,” added Morris.

PaidSuite’s existing customers will soon begin to experience the benefits of the acquisition. “The merger deepens our banking relationships and provides our clients with an even greater selection of processing options, including a convenience fee model and a payment app,” said Michael Loscavio, President of PaidSuite. “It’s a great fit for both companies as we see a close relationship in the collections and lending space.”

Both companies will continue to develop innovative technology to automate payments across all channels. “Our goal is to give our customers the ability to accept payments 24 hours a day, 7 days a week through flexible integrated solutions tailored to their unique business needs,” added Morris. “We will continue to expand our relationships with software providers and will always remain dedicated to providing the best customer experience possible.”

Customers will continue to receive the exceptional PaidSuite service and will now have access to expanded processing options.

To view the full press release, please click here.

Great Place to Work® and FORTUNE Name REPAY One of 2017’s Best Small & Medium Workplaces

ATLANTA, Oct. 17, 2017 /PRNewswire/ — At REPAY – Realtime Electronic Payments, our growth and success wouldn’t be possible without the dedication of our employees. We’re proud of our team, and we’re excited to announce our organization has been named one of the 2017 Best Small & Medium Workplaces by Great Place to Work and FORTUNE.

REPAY earned a spot on this list based on employees’ assessments of the camaraderie, leadership, fairness, rewards and career opportunities enjoyed by all in their workplace.

“We are thrilled to be named one of the best small workplaces and are extremely grateful for each member of our team,” says John Morris, CEO of REPAY. “Our people are the best part of REPAY, and they are empowered to make decisions that will have meaningful impact on the company. The foundation of trust and teamwork allows us to build a reputation of excellence in all that we do.  Our respectful, yet fun-loving approach leads to a collaborative, high-performance environment where employees can challenge the status quo and introduce innovative ideas while feeling supported in a friendly and enjoyable office atmosphere.”

Outstanding employers – as identified by their employees – are substantially more likely to report work experiences linked to retention, innovation and good customer service, according to research by Great Place to Work. The winning organizations also are more likely than their peers to maintain a healthy organizational culture as they grow larger and more complex.

“The Best Small & Medium workplaces are laying the groundwork for future success by building trust, cooperation and leadership credibility. All of these enhance business performance and create a positive environment for doing business,” said Michael Bush, CEO of Great Place to Work.

About REPAY

Realtime Electronic Payments (REPAY) is a premier full-service provider of electronic transaction processing services for the consumer finance industry, offering a comprehensive suite of advanced payment technology products including debit and credit card processing, ACH processing, consumer-facing payment portals, and electronic bill payment systems. Visit www.repayonline.com to learn more.

About the Best Small & Medium Workplaces

The ranking was based on anonymous feedback from more than 74,000 employees working at Great Place to Work-Certified organizations. Employees completed a Trust Index™ survey with more than 50 questions assessing pride, camaraderie, executive effectiveness, innovation, benefits, professional development and other elements of a great workplace. Scores also considered organizations’ performance relative to their size and industry. Survey results from eligible companies had a 6 percent margin of error, at most, with a 95 percent confidence level.

About Great Place to Work

Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through its certification programs, Great Place to Work recognizes outstanding workplace cultures and produces the annual FORTUNE “100 Best Companies to Work For®” and Great Place to Work Best Workplaces lists for Millennials, women, diversity, industries and, internationally, countries and regions.

For the full press release, click here.

REPAY Completes $100 Million Debt Refinancing Led by SunTrust

Business Wire
3 October 2017

ATLANTA, October 3, 2017 — Realtime Electronic Payments (REPAY), a full-service provider of advanced payment technology products and electronic transaction processing services for a variety of integrated end markets, today announced the successful closing of a $100 million credit facility arranged by a syndicate of banks led by SunTrust Bank.

The refinancing strengthens and expands REPAY’s balance sheet and provides additional flexibility to pursue strategic investments and support growth.

“We are extremely pleased to complete this financing with our syndicate group, further enhancing our financial and operational flexibility. This transaction is an acknowledgment of the growth potential of our business and will allow us to continue executing on our strategic initiatives,” said John Morris, Chief Executive Officer and Co-Founder of REPAY.

Corsair Capital LLC, one of the longest-standing private equity firms focused on the financial services industry, acquired a control stake in REPAY in 2016.

About REPAY
Established in 2006, Realtime Electronic Payments (REPAY) is a full-service provider of electronic transaction processing services for a variety of integrated end markets, offering a suite of advanced payment technology products that include credit and debit cards, ACH processing, consumer-facing payment portals, bank account verification and electronic bill payment. For more information, visit www.repayonline.com.

See the full press release here.