REPAY and AKUVO finalized a partnership this week aimed at improving collections.

According to a news release, REPAY’s integration with Aperture, AKUVO’s collections management software, can enable financial institutions to accept digital payments, while utilizing a secure, real-time data exchange for streamlined operations, robust reporting and simpler reconciliation.

AKUVO clients can now leverage REPAY’s embedded payment technology to manage the full payments lifecycle and offer account holders a streamlined, convenient payment experience that can be accessed via a secure online portal.

The companies said banks and credit unions will have enhanced visibility into payment data within Aperture, reducing the need to switch between systems and driving faster payment reconciliation.

“Collections is a complex, multi-party process, and we recognize the importance of making the payment process simple and convenient for both financial institutions and consumers,” said Jake Moore, executive vice president of consumer Payments at REPAY.

“Our partnership with AKUVO is making it easier, faster and more secure for account holders to make payments and for financial institutions to collect payments and manage the data exchange through one single platform,” Moore continued.

AKUVO senior vice president of relationships Mike Ruggiero added, “At AKUVO, we are committed to offering best-in-class technologies that deliver efficient, innovative experiences to our clients and their account holders.

“We’re thrilled to partner with REPAY to streamline collections and continue to help our clients grow revenue and scale operations,” Ruggiero went on to say.