REPAY expands its footprint in the automotive industry and deepens integration capabilities with the acquisition of PayMaxx Pro.
REPAY – Realtime Electronic Payments, a premier provider of advanced payment technology products and electronic transaction processing services for the consumer finance industry, has acquired PayMaxx Pro, an electronic payments provider to the automotive industry.
“This acquisition expands our footprint in the automotive industry and broadens our software integration capabilities, enabling us to better serve our existing and prospective customers,” said John Morris, Chief Executive Officer of REPAY.
“PayMaxx Pro’s people will bring a wealth of knowledge and expertise, and we look forward to welcoming Megan Bussie, Jon Leedom and their team to the REPAY family,” added Morris.
PayMaxx Pro customers will soon experience the benefits of the acquisition. “We are excited about the expanded product offerings and technology enhancements this partnership brings to our integrated partners and clients,” said Megan Bussie, former Director of PayMaxx Pro and now Director of Sales for REPAY. Customers will have access to an enhanced product suite, including a customer-facing mobile app, and they will continue to receive the exceptional PayMaxx Pro customer service.
Both companies will benefit from shared resources and cutting-edge technology, and REPAY will continue to invest in the consumer finance and automotive industries. REPAY will expand its relationships with software partners and will remain committed to providing a first-class customer experience where customers can automate and accept payments anywhere, anytime and through any method.
“REPAY was the obvious choice when selecting a group that had the resources, knowledge and commitment to continue the growth of PayMaxx Pro. They will build upon the products and services that will enhance our clients’ business operations,” said Chris Leedom, CEO and President of PayMaxx Pro.
Deep-seated respect for employees and customers – and an innovative mindset – has fueled a growth spurt that shows no signs of slowing down.
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The new partnership with PaidSuite positions REPAY for continued growth and expands footprint in the Accounts Receivable Management industry.
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.