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Payment Integration for Check Scanning
Property Solutions
Multi-Housing News Daily eNewsletter
June 6 2008
Provo, Utah-- Property Solutions has announced that payments processed through ResidentPay Check Scanning will integrate with most popular property management software. The company has been integrating online credit card and ACH payments for several years. The Check 21 system now allows managers to scan and post payments made paper checks and money orders electronically, reducing data entry and eliminating daily trips to the bank.
“The time savings provided by Property Solutions’ Check Scanning is tremendous,” says Mary Lundy of KMS Management in St Louis Park, Minn. “By scanning checks and money orders rather than entering payments manually, our test properties reduced rent processing times by as much as 75 percent in the first month.” KMS is rolling out check scanning across the entire portfolio this month.
In October 2004, legislation allowing digital images to replace paper documents in payment processing went into effect. Since that time, the law known as Check 21 has enabled businesses and banks to increase efficiency in payment processing by substituting a digital image as the legal equivalent of a paper check. With ResidentPay Check Scanning, property managers can take advantage of this legislation to process and post payments made by paper check electronically.
Founded in 2003, Property Solutions International Inc. offers a variety of Web-based solutions for leasing, rent collection, and maintenance request processing for property management tasks. ResidentPay provides electronic payment processing software and full data integration with property management software.
“The time savings provided by Property Solutions’ Check Scanning is tremendous,” says Mary Lundy of KMS Management in St Louis Park, Minn. “By scanning checks and money orders rather than entering payments manually, our test properties reduced rent processing times by as much as 75 percent in the first month.” KMS is rolling out check scanning across the entire portfolio this month.
In October 2004, legislation allowing digital images to replace paper documents in payment processing went into effect. Since that time, the law known as Check 21 has enabled businesses and banks to increase efficiency in payment processing by substituting a digital image as the legal equivalent of a paper check. With ResidentPay Check Scanning, property managers can take advantage of this legislation to process and post payments made by paper check electronically.
Founded in 2003, Property Solutions International Inc. offers a variety of Web-based solutions for leasing, rent collection, and maintenance request processing for property management tasks. ResidentPay provides electronic payment processing software and full data integration with property management software.
Property Solutions provides web-based property management software tools for the multifamily industry. The company maintains a reputation for
industry-changing innovations in property management software with cutting edge tools in marketing, leasing, and online payment processing.
Our scalable solutions make Property Solutions the leading provider of landlord software, apartment websites, and systems that allow residents
to pay rent online. Seamless integration with a variety of industry-leading property management systems makes Property Solutions' software tools
even more effective. Implementing property management software from Property Solutions allows property managers to streamline processes and simplify
transactions. Property Solutions' interactive apartment websites are easy to launch and effortless to maintain while our payment processing and online
leasing tools post online transactions directly to your property management software in real time.