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REPAY to provide powerful back-end clearing and settlement woodforest national bank create online account, including risk monitoring, chargeback management and intuitive reporting, to Woodforest National Bank and its merchants

ATLANTA, September 21, 2021--(BUSINESS WIRE)--Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY"), a leading provider of vertically-integrated payment solutions, today announced Woodforest National Bank has chosen REPAY as a clearing and settlement processor. REPAY will offer services including flexible boarding APIs, enhanced merchant billing options, online chargeback and dispute processing, and next day funding within a PCI-DSS compliant environment.

REPAY’s proprietary clearing and settlement platform offers fully customizable programs, providing more autonomy and greater payment flexibility than the traditional large acquirer programs. The clearing and settlement solution is supported by high-touch service, a powerful payments engine, and intuitive reporting software, all of which is designed to ensure on-time and accurate transaction processing.

"Woodforest National Bank was searching for a payments partner who could enhance their operations and provide the reporting that will set the business up for greater success in the future," woodforest national bank create online account Shaler Alias, President, REPAY. "We’re looking forward to working with the team at Woodforest National Bank to create a unique program that optimizes their business’ back-office tracking so they can continue delivering the same level of exceptional service their customers have come to expect."

"We’re excited to begin working with REPAY to optimize our back-channel clearing and settlements and make the overall payment experience easier for our network of banks and merchants across the country," said Todd Linden, EVP & Head of Merchant Acquiring, Woodforest National Bank. "REPAY’s high-touch service allows us to customize a clearing and settlement solution that gives us the capabilities we need to better serve our customers and continue to grow and scale our operations."

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 merchants, while enhancing the overall experience for consumers and businesses.

About Woodforest National Bank
Celebrating more than 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 760 branches in 17 states across the United States and is an Outstanding CRA rated home for sell. For more information about Woodforest National Bank, please visit www.woodforest.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005083/en/

Contacts

Investor Relations Contact for REPAY:
[email protected]

Media Relations Contact for REPAY:
Kristen Hoyman
[email protected]

To find the best banks in the state, we looked at branch accessibility, checking account fees and savings interest rates. The recommendations compiled below cover a range of needs for North Carolina residents from Asheville to Wilmington.

Best for Checking Accounts

If you're looking for a new bank, you should start by comparing checking accounts. The best checking accounts woodforest national bank create online account come with no monthly maintenance fees or have minimal requirements to waive the charge. If you like to make your withdrawals and deposits with a teller, you should also consider the accessibility of a bank's branches.

Best for Free Checking: First Citizens Bank

First Citizens Bank is a midsize consumer bank with nearly 250 branches in North Carolina and more than 300 other locations scattered across the South, Midwest and West. The bank's free checking account can be opened with an initial deposit of $50, after which no minimum balance is required. Other features of the account include free mobile and tablet banking, online bill pay and optional overdraft protection.

As the third-largest bank in North Carolina, First Citizens provides accessible service to consumers who value brick-and-mortar banking. However, the majority of First Citizens locations are concentrated in the South, and other locations are mainly in big cities across the Midwest and West. If you frequently travel outside of the state and make ATM withdrawals, you may want to consider opening an account with a larger national institution like Bank of America — which has 153 branches in North Carolina but more than 4,500 other what percentage of dark chocolate is good for you Access to Branches: BB&T Bank

Branch Banking and Trust Company, otherwise known as BB&T, is the largest major bank in North Carolina, woodforest national bank create online account 342 branches in the state. If you're looking for a simple checking account and easy branch accessibility, BB&T's Fundamentals Checking is a great option. You can open an account with as little as $50, but you'll pay a $5 monthly maintenance fee.

One downside of the BB&T Fundamentals Checking account is that the monthly fee cannot be avoided. While most other banks will waive the maintenance fee so long as you meet certain requirements, BB&T doesn't offer this feature. BB&T also charges $3 for each transaction you make at a non-BB&T ATM—and doesn't provide any free withdrawals from non-network ATMs. However, these fees shouldn't pose an issue if you're located close to BB&T branches and ATMs.

Best Checking for Students: PNC Bank

For North Carolina students, PNC Bank's Virtual Wallet Student combines widespread brick-and-mortar access with sophisticated online banking tools. The bank has 142 branches in the state, with several located in popular college towns—20 in Raleigh, 11 in Charlotte and 9 in Chapel Hill. With the Virtual Wallet Student, students who apply online woodforest national bank create online account open a free checking account with a $0 initial deposit.

The Virtual Wallet Student includes three individual accounts—Spend, for checking; Reserve, for short-term savings; and Growth, for long-term savings. The user-friendly design of this setup, with three accounts in a single place, makes it an excellent option for students who are beginning their financial journeys. Both savings accounts earn interest on balances over $1, and the checking account provides two reimbursable withdrawals from non-PNC ATMs.

Best for Savings Rates: Woodforest National Bank

Woodforest National Bank offers the best savings account for North Carolina residents who typically carry a low to average savings account balance. The Woodforest National Bank Savings Account comes with a 0.03% APY on balances under $10,000 and a 0.05% APY on higher balances. This account also woodforest national bank create online account no monthly fee as long as you maintain a daily minimum balance of $200—which is a much lower balance requirement than similar accounts.

With around 90 woodforest national bank create online account in North Carolina, Woodforest has decent accessibility for consumers who prefer brick-and-mortar banking. While Woodforest has significantly fewer branches than BB&T or First Citizens, the account's APY and low balance requirement make this a competitive option for those who are starting to build a savings foundation. Consumers further on their financial journeys may want to consider opening a money market account, as they provide stronger returns.

Best for Small Business: Fifth Third Bank

When searching for a business checking account, the goal is to find the account that allows the highest number of transactions for aaa bank of america mastercard login lowest monthly fee. While Fifth Third has fewer North Carolina branches than the other banks on this list — with 55 across the state — it offers three business checking accounts with decent transaction allowances for an affordable price.

Fifth Third's basic account, the Business Standard, charges a monthly fee of $11 in exchange for 250 transactions — which include checks, debit charges and deposits. This fee is waived if you maintain a balance of at least $3,500 in the account. For business owners who require a high monthly transaction allowance, the Fifth Third Business Elite account allots 650 transactions for a monthly fee of $35, which can be waived with a balance of $25,000. On all Fifth Third business accounts, a penalty fee of $0.50 is charged for each extra transaction.

Fifth Third Business Checking Accounts

Summary of the Best Banks in North Carolina

As you continue to research accounts, you should think about the features that are most important to you. You may have to make a trade-off between your checking account's accessibility and its affordability, or your savings account's APY and its monthly fee. When comparing banks, you can use this guide and the table below as a reference point.