Thank good and you, operator, everyone. afternoon,
As see performance our key Organic the XX%. we in gross of resilience model. results, the demonstrates growth growth profit quarter revenue our was gross XX%. volume business of XX%, This and you profit all We growth from growth can payment XX% in delivered saw our diversified of third strong quarter metrics. card the across of
was verticals. the quarter, consumer both of payment growth we organic excited much our about are this While our in opportunities contribution BXB business and BXB from
approximately into growth which specific lagged currently on together less X% digital As This tremendous verticals BXB to industry is payments. verticals penetration defensibility. these which support is that and and lack a presence Consumer and volume, reminder, embed other distribution consumer transaction with behind annual expanding the to platform, lower trillion ISV of primarily RCS. the Both payment card, the XX% than our of for to end long-term processing process needs have growth, electronic the opportunities. XX%, and of specifically, have provides and and and moving creates us approximately of total over vast remainder software $X of BXB directly represent we general business. our our represents durable in to payment markets leads partners significant economics network and for provides strong increasing margins. We XXX a stickiness client technology client believe our deep vertical payments, which payments card rates competition, and opportunity thereby
add a product integrations to for significant launched ISV of relationships, represents with have start view these payments existing functionalities Within further I'll and quarter. we relationships. order business BXB features partners beyond. to during penetrate This a these growth driver our through program and XXXX the our the integrated in
all you BXB been are made check traditionally AP aware, ACH, by and As including have payments or AR.
is other the there is vertical. the in to many We in market massive is large by get There focused which are what very under-penetrated asked, versus driven and this opportunity. So BXB a players often mostly your competitive attack players? market, BXB advantage
would via function, includes supplier where First, the allow one of AP payment we merchant integrations complete payment our our offer a and solutions which are AR virtual BXB to directly clients providers and of for Acumatica. that I accept highlight lastly, offering, the our businesses execution acquiring, all proprietary our behalf AP their other accounting Acumatica, manner from via ERP within only Sage their both ERP Please electronic for we believe to recall or highly in Sage such which X-sided automation our integrated allows and environment. as payments and we outsource payment including to clients execute on entire automation, ACH, we check, to clients our enhanced allow ACH including solution and we cards; approach AP methods enablement; TotalPay where where payments can supplier
care, Second, hospitality, management, hospitals, our wholesale manufacturing, focus, largest AP, areas I In In media, services and focus and include auto including AR, dealers, of highlight our government. health property our areas distribution. of expertise. field would largest vertical
be more market resilient In which condition to addition, we customers, medium SMBs. any versus are primarily enterprise-size focused to on in tend
our supplier highlight would network. strategy and I Third, go-to-market
quarter. as Sage, had expanded with during the the many we and integrations we BXB September, of such XX As end providers have announced of which
a also in-house working have sell team dedicated solutions. our to sales We
As supplier that vendors, large sub-verticals. important XXX,XXX helpful. them is Having a of XX% we address that a when increase especially of supplier supplier end network very already year-over-year. to and September, new our customers Having network with can grown has we is network the talk to
we Additionally, in side to to but have and a BXB low the specifically electronic out plan terms continue sales great of partnership of today, build key will focused functions. investments We penetration TAM massive the our on we due payments. talent, team the make and AP to
updates within QX now to Turning our vertical. a few BXB
generally we QX ramp the what expected we the our Thus volume ad media second call, into in is political on mentioned expected. to with As line political spend half. far,
an As one-stop wins, in a shop able advanced dispensing Jones' enabling Healthcare leader solutions. customers and ecosystem, medication packaging with AR Group, and were invoices Jones agreement create payment to announced pharmacy we for self-service pay to online. recent a market We
accounts the We across an also cost be partnership the sector. payable industry. SpendMend's for to optimize the with cycle care SpendMend, of recently solutions leading exclusive health announced Repay will exclusive clients referral solutions a provider health care the for
consumer payments saw our our side various strength the On across business, of we sub-verticals.
of a cards $X accepted is volume, not the As are TAM annual this trillion business typically just penetration. for repayments, overall loan of card in for has payment our reminder, resulted low part which approximately an credit and
to our into automatic online integrations fewer acceptance ability and XX/X benefits payments; debit as or software reduces card faster omnichannel through through offering; the other payment open recurring Our which direct omnichannel always charges, payments ancillary methods, workflow debit embed complexity offering management which IVR lend systems, text; through dealer and such acceptance to lender, borrowers loan card and NSF for cycle, clients. to operational provides payment web, including: the is payment more mobile, processing; card many accelerated
approximately we solutions side Also, payment offer fewer for our X/XX, regulatory As ACH the relationships of consumer ISV business. our through had XXX just of compliance improved returns.
MasterCard process influence QX is which Recall We mortgage method digital across our loans, a approximately the personal They show product, ahead Send have the to for unions. Funding this loans, this the do XX% Visa debit and these payments looking a X,XXX card-based on believe ways borrower. we of In is continues these repayment credit are lenders' by which our way the file payment to engage another financial in to card. are now volume XXXX. as approximately embedded verticals. Instant Our are that close leader quarter, third end auto credit more of the repayment clients with to strength. Direct we including payment the fully lenders deployment through XXX solutions, was In our We markets, markets, servicing omnichannel unions, software. into transactions
supporting lending lending through Pay will of Fairstone further within In the embedded expands Later fact, we financing Buy forms one recently Canada's solutions lenders. agreement Repay focus This various Bank, and of Now on the our relationship market. with new existing largest offered Canadian is extended and services big,
Regarding for macro the loans personal many strong credit. conditions that we the continued of trends same the including vertical, discussed demand in exist previously,
vertical, For before for important as make our is offering collections than the more as lenders we lending as their easy to look auto now believe possible customers. ever auto loan
be still servicing processing to our looking requirements. for sector. by mortgage encouraged they continue ways follow efforts and and pay, to servicing the in more but notification strict Mortgage to convenient have and also We flexible servicers are
as happy Skinner. and where and we Erik focused fastest-growing our QX since in was experience macro providers. and He are Black vertical, in accelerate mortgage year. for growth also and to back-office one for brings a responsible is north experienced the recent within had he has 'XX experience the joins lenders unique XX% MSP modernization. growing Erik into the us same market throughout selling to Repay. perspective product in clients. Knight, mortgage of existing servicing of the areas times from vast consumer of across our industries we platform payment the period keep place business, our customer servicers most finding recent working that hire in are has verticals, mortgage every to AP last less right on found our Mortgage in Repay, and to in versus area easy penetration, the care health in some Our recall, from of makes we clients derived We borrowers compliance. In talent sensitive become actively wins. it further different Please solutions now in We're such
medical New more picking or up accounts a consumers Settlement in of such ARM significant way as balances, future consumers Bank on as their our outstanding saw expect as consumer inflation, credit bills credit are York, past management on Reserve take obligations, gain we and Federal short and to revenue here plans increase will to cell According balances as nicely select bills. Repay to the more benefits card Clearing be perform years. card which QX cycle volume year-over-year consumer continues see Placements businesses percentage obligations, management term, payments. in Lastly, phone the in than largest based to pipeline XX to on making Repay financial a & side, these or challenges more the due from with the to and for payment we growth. going pickup financial with RCS, have off in pay the receivable
win that future will taking our acquiring in from acquirers believe We platform more periods. share continue business truly keep to incumbent larger, the modern allow and to us
few Tim, thoughts to beyond. provide a year to wanted over call I about the turn next I Before and
from platform take unique I exceptional team. to comments, and we technology energized away be our you my our offering, As by hope continue
payments. away the in In the addition, trends secular we digital tailwinds remain very from and including encouraged cash towards by our check business, ongoing
laser-focused with and growth growing organically customers new on from are of existing We customers sizes. all both
come. continue in for our growth to to verticals specialization Our years key aid will
Our strong in a client teams needs. sales and verticals experience understanding these have deep of
ease and aided are by with ISV of these an software designed relationships in have mind. clients solutions We expand hundreds implementation, payment our and verticals our of specifically reach provide superior to that and
more sustainable, conviction unit in targeting will focused economics. have growth continue growth we to we durable While seize these to share, remain are on investments areas and always with high market strong
is cost to our right we the margins. have in while healthy priorities growth maintaining of that can One main so support place structure
downturn continue grow Number business, XXXX our should during a growth, following payments for economic today, Now lending feel even we organic are Sitting resilient, confident in in core an reasons. specifically. even downturn. the verticals the to consumer here one, particularly for solid
As enterprise of reminder, strong QX growth bills pickup medical such also card and in and our consumer expected beginning the consumer credit expected ARM to be driven XXXX. BXB in Number consumer fully as out We increased to balances, in four, includes sales year. XXXX, cell which included Number three, are innovation. see go-to-market payments well I much experience focused on rolled bills. believe is services that, will faster in a we This have part year next a pipeline many is environment. expect overall despite which the to medium corporate of previously, a be new growth above two, growing average. wins has solid next as the And in product our XXXX. as that customer Number consumers be be businesses. and volume our phone is financial will positive base BXB rate of business, we payments to Payix a obligations organic our in in resilient media This result investments its having a impact as growth of mentioned have which any should business,
deploy to initiatives is the our results more a priorities does We to to review our creating The by have our back the approach. that place valuation call consistent in our Finally, to value with over open as I'll capital shares. focused in shareholders with support are investing Tim? believe buying our now that, on not well in currently detail. of growth while our for be of shares continue align to turn strategies program company. responsible disciplined value Tim quarter as way we current allocation we With third our placed capital our M&A,
