ATLANTA, Aug. 3, 2018 /PRNewswire/ — Two powerhouses in the accounts receivable management (ARM) industry recently partnered together to create major efficiencies for their shared customers. REPAY Realtime Electronic Payments, a leading payment technology provider that offers the most advanced and secure omnichannel payment services on the market, completed an integration with InterProse, a powerful debt collection software that is proven to be flexible, feature-rich, intuitive and user-friendly.
The partnership will improve the payment process by removing the friction and redundancies often experienced in day-to-day business operations while providing customers with expanded payment options. REPAY’s payment technology will enable InterProse clients to accept payments made with credit and debit cards, HSA cards, and bank accounts at any time through a variety of channels. The integration eliminates the need to double-post payments in both systems, making reconciliation easy and stress-free.
“We are always looking for innovative ways to bring increased value to our customers’ payment experiences. REPAY’s technology paired with the advanced InterProse software will provide our clients with a distinct competitive advantage in the marketplace,” said Susan Perlmutter, Chief Revenue Officer of REPAY.
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An opportunity for partnership between REPAY and PassTime presented itself when shared customers faced a growing need to automate and shorten the duration of the payment process.
REPAY – Realtime Electronic Payments, a premier provider of advanced payment technology products and processing services, is honored to announce its new partnership with PassTime, an industry-leading GPS Solutions provider offering GPS tracking and Automated Collection Technology products and services to auto dealers and auto finance companies.
PassTime, which has been in business for more than 25 years, currently protects more than $10 billion in automotive assets by providing dealers and finance companies with in-vehicle technology proven to help lower delinquencies and repossessions. Through the use of payment reminders and vehicle disable features, PassTime solutions can help mitigate risk when financing consumers and also improve communication between consumers and creditors. Specializing in the consumer finance and auto finance industries for more than a decade, REPAY offers integrated payment solutions that enable businesses to accept payments at any time through a variety of payment methods.
An opportunity for partnership between REPAY and PassTime presented itself when shared customers faced a growing need to automate and shorten the duration of the payment process. The two companies have finalized an integration that will provide their customers with a more efficient and consumer-friendly collection method.
After consumers submit an electronic payment to the dealer or finance company, REPAY immediately processes the payment and automatically sends a message to the merchant and PassTime. The PassTime device receives the wireless command to reflect the current status and the merchant’s customer management system is updated with the most recent payment information.
“We are thrilled to partner with such a highly regarded company in the industry,” said Susan Perlmutter, Chief Revenue Officer for REPAY. “The integration with PassTime is a big win for our customers and bridges the payment communication gap, resulting in a quicker, more automated collection process.”
“REPAY is a perfect fit for PassTime and we are excited about this partnership. The integration will make it even easier for our customers to manage their payment processing services and PassTime solutions,” said Jerry Morgan, PassTime’s executive VP of product development.