During the recent webcast for earnings for the third quarter ended September 30, CEO John Morris noted the addition of Blackbaud during the quarter. That came on top of integrations with Dynamics Business Central and AccountMate software announced during the summer. Morris said Repay will be embedded in Blackbaud as its payables software. The company lost $66 million for the most recently ended quarter, compared to net income of $5.4 million a year ago. Third-quarter revenue was 474.3 million, an increase of 2.9 payments from $71.6 million in last year’s corresponding period. Business payments revenue dropped to $7.4 million, down 15 percent from $11.4 million a year ago. Executives said the drop was stemmed from a dropped in political media spending from a year ago, which features Congressional elections. Repay anticipates with the general elections for President and Congress in 2024, that revenue will grow.
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REPAY ADDS MID-MARKET INTEGRATIONS Featured
Repay has been beefing up the number of integrations of its payments products with mid-market ERP software.