Repay, a US-based vertically integrated payment solutions provider, has announced an integration with Q2, a digital banking and lending solutions provider to credit unions, banks, alternative finance, and fintech firms.
The payment processing solutions firm has integrated with Q2’s digital banking platform through the latter’s partner Accelerator programme.
Through the combination, financial organisations can now buy REPAY and then deliver its payment technology directly through Q2’s digital banking platform. This is expected to extend Repay’s reach in the personal loan and credit union sectors.
Furthermore, the integration will allow Repay to provide financial institutions with payment acceptance offerings such as card and automated clearing house (ACH) solutions through Q2’s platform.
Repay consumer payments executive vice president Jake Moore said: “Q2 has a strong reputation as a company that works to provide the best services possible in the financial and banking industries.
“We are committed to expanding our offerings in the personal loan and credit union verticals and look forward to delivering our robust payment technology to clients using Q2’s Digital Banking Platform.”
The Q2 Partner Accelerator is a programme offered via the Q2 Innovation Studio. It enables in-demand financial services companies which are utilising the Q2 SDK for pre-integrating their technology into the Q2 digital banking platform.
According to Repay, the programme allows financial enterprises to collaborate with partners, buy their solutions, and deploy their standardised integrations quickly to their customers.
Q2 Innovation Studio managing director Johnny Ola said: “We are pleased to welcome REPAY to the Q2 Partner Accelerator program.
“Financial Institutions now have the capability to offer REPAY’s payment solution through Q2’s Digital Banking Platform.”
Headquartered in Austin, Texas, Q2 allows its financial organisations and fintech firms to offer extensive, secure, data-driven digital client engagement solutions ranging from consumers to small businesses and corporate clients.
Q2 offers digital banking and lending solutions to clients in the US and worldwide.
