Repay Holdings Corporation (NASDAQ:RPAY) is one of the cheap penny stocks to buy now. On June 10, Repay Holdings announced significant enhancements to its integration with MeridianLink Inc. (NYSE:MLNK). The new capabilities allow credit unions and banks within MeridianLink’s network to offer new members streamlined account funding through various methods, such as debit card, ACH, and digital wallets like Apple Pay & Google Pay.
The expanded account funding options are facilitated by REPAY’s integrated payment technology and enable financial institutions utilizing MeridianLink Opening to accept funds into new member accounts rapidly. The simplification of the onboarding process benefits both credit unions and their members.
A close-up of a person's hand holding a credit card while using a mobile application to make a payment.
The enhancements complement REPAY’s existing integration with MeridianLink Collect, which is designed to optimize loan collection operations by simplifying accounting and consumer payment processes. Through this integration, MeridianLink’s network of financial institution customers can streamline processing efficiencies by accepting ACH and card payments via web, mobile, Interactive Voice Response/IVR, or text.
Repay Holdings Corporation (NASDAQ:RPAY) is a payments technology company that provides integrated payment processing solutions in the US. MeridianLink Inc. (NYSE:MLNK) is a SaaS company that provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the US.
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Disclosure: None. This article is originally published at Insider Monkey.
