Overview

CPS Payments, now part of REPAY, focuses on simplifying business payments by handling outbound payments to vendors and suppliers. Its system integrates with a company’s existing platform to automate 100% of vendor payments, using electronic methods such as Virtual Cards or ACH, regardless of the vendor’s payment acceptance. The product works by connecting to a business’s platform and processing payments automatically to pay vendors, optimizing the payment flow end-to-end. Compared with competitors, REPAY/CPS emphasizes total automation from day one and broad compatibility with vendors, supported by a vertically integrated payment solution stack and scale from a public company with multiple office locations. The overall goal is to help businesses streamline and accelerate their payment processes, reducing manual work and improving payment timing by automating outbound vendor payments.