REPAY Blog

Recent Posts by Kristen Hoyman

How Recurring Payments Can Put Your Revenue On Autopilot

on June 26, 2020 | By Kristen Hoyman | Healthcare

Recurring payments, a convenient way to build your customer base!

REPAY and Smarter Loans Discuss Trends in the Lending Industry

on June 23, 2020 | By Kristen Hoyman | ACH / EFT Processing, Debit Cards, Lenders, Instant Funding, Payment Technology

REPAY recently participated in an interview with Smarter Loans to discuss the latest digital transformation trends in the lending industry.

The Two Biggest Reasons Why You Need to Upgrade Your Medical Billing Solution

on May 27, 2020 | By Kristen Hoyman | Healthcare

A recent report revealed that there are errors in as many as 30-40 percent of all medical bills. That amounts to around $125 billion in lost profits for American medical practices around the country. When your practice bills in-house, it’s vital to correct these mistakes quickly.

Why Credit Unions Need IVR

on May 21, 2020 | By Kristen Hoyman | Credit Union Payment Processing

IVR and Credit Unions, the Perfect Combination to Help Revive the Economy!

How Credit Unions Can Increase Member Engagement

on May 21, 2020 | By Kristen Hoyman | Mobile Payments, Lenders, Payment Technology, Credit Union Payment Processing

There is one question on everyone’s mind right now: what’s next? There’s just so much uncertainty about the near future. What new realities will COVID-19 bring?

REPAY Channel Leaders Honored Again on 2020 CRN Women of the Channel List

on May 12, 2020 | By Kristen Hoyman | Partners

REPAY is a channel driven organization that offers omni-channel B2B integrated payment solutions for every business. If you work with REPAY currently then you are already familiar with our dedication to the channel. Our team had an incredible last year by entering new channels and creating new integrations to support the needs of our partners and customers. In October 2019, we shared the exciting news that we joined the REPAY family of companies to help accelerate our growth and expand our services. We are...

Expanded Payment Options Improve Auto Loan Performance

on May 7, 2020 | By Kristen Hoyman | Debit Cards, Auto Lender Payment Processing, Payment Technology

Are you using payment technology to manage your loan portfolio effectively? A 2019 Experian study shows auto loan debt is at a record high. As an auto lender, your first thought might be, “Well, of course. Cars are more expensive, and more people finance them now.”

Why You Need Compliance for Financial Institution Payment Processing

on May 6, 2020 | By Kristen Hoyman | PCI Compliance

Compliance in Financial Institution Payment Processing

The nature of all financial institutions, like a credit union, is to hold and secure sensitive information. For that very reason, companies that partner with electronic payments companies need to be highly regulated and meet the highest levels of compliance and security to keep your customer’s banking information safe and sound. At REPAY, we take security very seriously and comply with all applicable regulations.

Managing Delinquencies in Subprime Auto

on April 14, 2020 | By Kristen Hoyman | Lenders, Auto Lender Payment Processing, Payment Technology, ARM Collections Payment Processing

Delinquencies were increasing before the virus outbreak. What happens now? Even before the massive drop in economic activity due to COVID-19, there were signs of trouble brewing on the subprime loan side of the auto lending market. Now more than ever, it's important for subprime lenders to understand and effectively manage these delinquencies.

Personal Loan Demand and COVID-19. What Now?

on March 24, 2020 | By Kristen Hoyman | Lenders, Payment Technology

Our appetite for borrowing only continues to grow, Coronavirus or not.

Debt levels are rising despite what has been eleven years of favorable economic performance. That was before the Coronavirus outbreak. Borrowing demand, however, is likely to remain strong, if not just a little delayed, despite the forced global slowdown.