Latest news with #paymentprocessing
Yahoo
2 days ago
- Business
- Yahoo
ePayPolicy Secures Strategic Investment from LLR Partners
LLR joins Serent Capital to help support the Company's next stage of growth. AUSTIN, Texas, August 05, 2025--(BUSINESS WIRE)--ePayPolicy, a leading provider of accounts receivable ("AR"), accounts payable ("AP") and integrated payment solutions for the insurance industry, today announced an investment from LLR Partners. LLR's investment will help further product innovation, bolster sales and customer support, and continue organizational buildout to better serve the Company's growing customer base. ePayPolicy's suite of AR and AP automation products and payment processing solutions serve agencies, brokers, MGAs, wholesalers, premium finance companies and carriers. The platform automates receipt of premium payments, cash reconciliation, and upstream premium and commission payments. By automating back-office operations and workflows, ePayPolicy enables organizations to streamline operations and offer more seamless digital payment experiences to their policyholders and partners. "Our mission is to increase the speed and efficiency of our customers' AR and AP processes and make insurance payments fast, easy and secure," said Mark Engels, CEO of ePayPolicy. "With this investment, we will continue to build the products our customers need to automate all of their payment-related workflows." "Both LLR Partners and our existing investors, Serent Capital, have proven experience supporting customer-centric technology companies with big ambitions," Engels added. "It's a great fit." LLR's investment in ePayPolicy continues the firm's 26-year history of investing in vertically focused integrated software and payments businesses. "Insurance is a large ($1.5T+)¹ and complex ecosystem undergoing a digital transformation driven by policyholders requiring more seamless payment experiences and insurance companies needing to more efficiently manage operations," said Connor Crump, Vice President at LLR Partners. "ePayPolicy has established itself as a leading AR and AP solution, purpose-built for the insurance industry." Ryan Goldenberg, Partner at LLR Partners, added, "We're thrilled to partner with Serent, Mark and the entire ePayPolicy team. Together, we will continue to invest in technology automation and product growth to support ePayPolicy's customers' needs and help solidify the company as the leading AR and AP automation provider in the insurance ecosystem." Serent Capital originally invested in ePayPolicy in 2019 and will remain an active partner and investor. "It has been a privilege to support Mark and his team over the last six years," said Kevin Frick, Partner at Serent Capital. "We are excited to continue alongside LLR in this next chapter of growth." ePayPolicy was advised by Raymond James and Choate, Hall and Stewart and LLR was advised by William Blair and Company and Goodwin Procter LLP. About ePayPolicy ePayPolicy offers easier payment tools, built just for insurance. ePayPolicy's products bring insurance payments up to speed for agencies, carriers, MGAs and PFCs, with secure online payment pages, automated check processing, payables reconciliation and more. 8,000 insurance companies trust ePayPolicy and their expert, live support team to handle their payments every day. Learn more: About LLR Partners LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to define high-impact growth initiatives, turn them into action and help create long-term value. Founded in 1999 and with more than $7 billion raised across seven funds, LLR is a flexible provider of equity capital for growth, recapitalization and buyouts. Learn more at Reference 1. "The U.S. Insurance Market," Next Move Strategy Consulting, June 2025, View source version on Contacts Emily Oakeseoakes@ Justin Jakshajustin@
Globe and Mail
6 days ago
- Business
- Globe and Mail
REPAY to Attend the Canaccord Genuity Growth Conference
Repay Holdings Corporation (NASDAQ: RPAY) ('REPAY' or the 'Company'), a leading provider of integrated payment processing solutions, today announced that the Company will attend Canaccord Genuity's 45th Annual Growth Conference in Boston, MA on Wednesday, August 13, 2025. John Morris, CEO, will participate in a fireside chat. The discussion will begin at 8:30am ET and will be webcast from the Company's investor relations website at under the "Events" section. An archive of the webcast will be available at the same location on the website for 90 days. In addition, the Company will be hosting investor meetings. If you would like to request a meeting, please reach out to the Canaccord Genuity conference team. About REPAY REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.
Yahoo
31-07-2025
- Business
- Yahoo
Mastercard Surpasses Q2 Estimates as Consumers Keep Spending
Mastercard (MA) shares rose modestly in premarket trading Thursday after the firm reported better second-quarter results than analysts had expected. The payment processing giant posted adjusted earnings per share of $4.15 on revenue that rose 17% year-over-year to $8.13 billion. Analysts surveyed by Visible Alpha had expected $4.03 and $7.97 billion, respectively. Mastercard's gross dollar volume increased 9%, while purchase volume—the total amount of purchases made with Mastercard credit and debit cards in the quarter—was up 10%. Mastercard shares were 1.5% higher shortly after the results were released. They entered the day up about 6% since the start of this year. Rival Visa (V) topped estimates earlier this week, and said it was exploring artificial intelligence and stablecoin products. Last month, Mastercard said it was partnering with fintech firm Fiserv (FI) to bring the latter's new stablecoin to a range of its products and services. Read the original article on Investopedia Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
27-07-2025
- Business
- Yahoo
Visa Inc. (V) Only Wants A 'Piece' & Not The Pie, Implies Jim Cramer
We recently published . Visa Inc. (NYSE:V) is one of the stocks Jim Cramer recently discussed. Visa Inc. (NYSE:V) is one of the largest payment processing firms in the US. Its shares have gained 13% year-to-date but have lost 4.8% since early June. The stock tumbled after progress on the GENIUS Act in Congress, which paved the way for stablecoins and an alternative form of payment in America. While Cramer rarely comments on the impact of stablecoins, particularly on his favorite merger between Capital One and Discovery, he did discuss the deal's impact on Visa Inc. (NYSE:V). He believes the firm won't emulate the scale of the network that emerges from the Capital One deal: '[On why Visa won't emulate Capital One's attempt to create a major network] Because, they're just an exchange, they only want to take a piece. They don't really want any credit risk.' Copyright: sifotography / 123RF Stock Photo Previously, the CNBC TV host discussed Visa Inc. (NYSE:V)'s valuation when compared to American Express: 'Okay, this is a very hard question because Visa and MasterCard are valued much more highly, I think, than American Express in terms of PE multiple. I want American Express of these three, and I'll tell you why. I think America's Express has got this younger demographic that is really exciting and not really built into the price-to-earnings multiple. That said, look, these are all great companies… I met with Mastercard's management this week. I talked with Visa's management. You're not going to go wrong owning any one of these companies. They're three of the best companies in America.' While we acknowledge the potential of V as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-07-2025
- Business
- Yahoo
Neon Bloom, Inc. Announces Successful Launch of AI-Driven Backend Software
Advance Executive Sales Implements AI-Driven Expanded Payment Platform with Plans to Expand Fintech Reach RENO, Nev., July 25, 2025 (GLOBE NEWSWIRE) -- Neon Bloom, Inc. (OTC: NBCO), announced today that all of its payment processing platforms, developed and driven by its wholly owned subsidiary, Advance Executive Sales, are now back online following the successful integration of a new innovative AI-driven backend software package. According to the company, the new platform is now using multi-factor authentication and advanced artificial intelligence technology to reduce fraud, increase capacity, and effectively manage vendor redundancy and charge-backs, which the company believes will increase its customer base and expand into other areas of the fintech industry. In a statement today, Greg Bauer, Chief Executive Officer of Neon Bloom, praised Moody Hashem, Chief Executive Officer of WinGen, for his role in this transition, saying, 'Moody guided our team in leveraging AI to expand our capabilities. The integration of this technology, a new artificial intelligence-driven backend software, represents a significant leap forward for us; it will give us the ability to improve our service delivery, to reduce fraud and chargebacks, and overall streamline operations and allow us to tap into new vertical markets that were previously challenging.' Commenting on the platform upgrade and redesign, Fred Luke, Secretary and Director of Neon Bloom, said, 'This long three-month-long development period to implement these upgrades, the multi-factor authentication, and integration of AI into all of our platforms, was a real struggle and caused us to reduce our payment activity. But now, with all the development and integration behind us, we should be able to not only return to our historical year-over-year growth rate but improve on it with significantly increased revenue and reduced costs. By 4th quarter, the coming quarters will be strong as well.' About Neon Bloom:Neon Bloom Inc. is a diversified enterprise group currently developing new AI-driven technologies, technologically improved financial services, and other emerging businesses with high growth potential and other cross-industry segment synergistic qualities. The Company's primary focus within the financial services industry is the financial transaction processing sector – excluding central bank-related transactions - including reserve and liquidity, check, or other financial instrument clearinghouse services. Through its wholly owned subsidiary, Advanced Executive Sales (AES), the Company is a rapidly growing provider of e-commerce and point-of-sale transaction software solutions for various industries. The Company shifted its primary focus to the financial services sector in 2024, where it expects to grow revenue and net asset value through organic growth and additional acquisitions utilizing shares of its common stock, non-convertible promissory performance-based notes, and cash as available. Advanced Executive Sales LLC:AES is a rapidly growing, leading provider of e-commerce and point-of-sale transaction solutions, enabling secure interactions between merchants and customers for various industries. With its payment processing platform, it is a certified partner with WinGen LLC and ongoing development group YNLO Ultratech, and we have over 130 e-commerce sites currently under contract. Looking forward, AES plans to continue to expand into new verticals by acquiring other financial service-related companies with payment processing technology that will complement what AES presently utilizes. CONTACT: Shareholder RelationsEMAIL: admin@ 1 888-411-5350 Forward-Looking Statements: This press release includes "forward-looking statements" that involve risks and uncertainties. These statements are all other than statements of historical facts that address activities, events, or developments that we expect or anticipate will or may occur in the future, including the future. Capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, competitive strength, goals, expansion and growth of our business and operations, plans, references to future success, intentions as to future matters, and other such matters are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. These statements are based upon certain assumptions and analyses made by us considering our experience and our perception of historical trends, current conditions, expected future developments, and other factors that we believe are appropriate in the circumstances. However, whether actual results and developments will conform to our expectations and predictions is subject to several risks, uncertainties, and other factors, many of which are beyond our control. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, activity levels, performance, or achievements. Moreover, we do not assume responsibility for the accuracy and completeness of such forward-looking statements. We are under no duty to update any of the forward-looking statements after the date of this release to confirm such statements to actual in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
