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The following is a list of the multi-housing industry`s top providers of resident payment systems:
Paybycomputer.com
1624 Prince Dr., Suite 102, Cherry Hill, NJ 08003
800-755-4327/856-216-7606 (fax)
www.paybycomputer.com
Key Contact: Gary Kodish, 800-755-4327 x222
In Their Own Words:
Key Features:
- Payment by credit cards, checks and debit cards over the Internet
- Either the company or your tenants may enter payments online at your web site or paybycomputer.com
- View real-time reports of resident activity and revenue anytime, anywhere via computer
- Choose processing fees to be paid by the company or passed on to your resident
Performance Edge: Secure, 24/7 payment processing for maximal cash flow and lower accounting costs. Customized reports for specified departments and ledger entries. Individualized programs available for maximal operations. Phone transaction processing available Q2 2005. Import/export functionality for easy accounting and management.
Property Solutions
522 South 100 West, Provo, UT 84601
877-826-9700/801-705-1835 (fax)
www.propertysolutions.com
Key Contact: Benjamin Zimmer, business development, 801-318-6384
Name of Online Payment System: ResidentPay
In Their Own Words:
Key Features:
- More payment options: Residents pay by all major credit cards (including Visa), electronic check or monthly auto-debit.
- Zero transaction fees: Residents offset transaction-fee expense by paying a convenience fee for use of the software.
- Fast deposit: Funds are deposited directly to management bank account within 24 to 48 hours.
- Web-based administrative tool: All payments are recorded in real-time and can be viewed through an administrative Web page.
Performance Edge: Visa compliance: Ensure full-compliance with Visa while still passing convenience fees to residents. Management software integration: Guarantee online payments integrate directly with property management software, including Yardi. Electronic settlement of funds: Settle funds electronically to bank accounts within 24 to 48 hours, instead of manually processing paper checks.
Realm Business Solutions Inc.
13727 Noel Rd. Suite 800, Dallas, TX 75240
469-791-1000/469-791-1810
www.realm.com
Name of Online Payment System: Realm Collect
In Their Own Words:
Key Features:
- Works with any resident, any payment type: check, money order, credit card and ACH
- Provides full two-way integration with leading industry property management systems
- Paper and electronic deposits made directly into any bank account, anywhere
Web-based cash management system includes images of checks and money orders
- Automatically identifies residents using Collect`s patent-pending, DDA cross-check capability
- Allows an owner or manager to create a Web-payments portal for Internet collections through ACH and credit cards
- User-defined processing criteria that can be set at global, corporate, property and resident levels
- Point-and-click exception item list capability with fast online resolution
Performance Edge: Realm Collect now processes over $2 billion in rent payments each year on behalf of some of the most recognized real estate owners and managers in the country. Collect supports any payment method—check, money order, credit card and ACH—and allows for collections at each property, the central office, through a lockbox service or over the Internet.
The easy-to-use Realm Reader allows multifamily companies to convert paper payments and credit cards into electronic payments right at the property site. This eliminates the need for local bank accounts and property manager trips to the bank each day. Best of all, funds are typically available within 24 hours.
Client Testimonial: "McKinley has been using Realm`s Collect at our multifamily properties for two years to process rent checks and credit cards. By eliminating trips to the bank and electronically posting to our management software, we have realized gains in process efficiency, significantly improved funds availability and have real-time access to receivables data."
—Russ Strassburg, director, business information systems at McKinley.
Training Advantages: Collect is completely Web based, allowing for rapid deployment, online training and access from any location. Quick reference guides, interactive training videos and detailed online help make the learning process quick and simple for property personnel.
Integration with Key Partners: Collect was designed from the ground up to enable data integration with third-party property management and accounting systems. Realm has integration partnerships with most of the leading vendors including Yardi, MRI Residential, RealPage, BJ Murray CTI and others.
RentPayment
81 Lafayette St., San Francisco, CA 94103
877-927-7866/877-630-4900 (fax)
www.rentpayment.com
Key Contact: Matt Golis, president
Name of Online Payment System: RentPayment
In Their Own Words:
Key Features:
- Fully managed online rent payments (credit card and ACH, renter bill presentment, real-time reporting)
- Process payments online, by fax or by phone with administrative support from RentPayment customer service center
- Largest processor in the multi-family industry, processing over $100 million in annual credit card volume
- Integration options to popular property management accounting software
Performance Edge: RentPayment pioneered the no-transaction-fees-to-owner model and now is the largest payments processor in the multifamily industry. Our five years of industry expertise provides solutions that represent the needs of property managers and value to residents to over 3,000 properties representing 1 million-plus apartments nationwide.
Resite Information Technology
400 W. 7th Street, Suite 110, Bloomington, IN 47404
866-373-7483/866-465-2330 (fax)
www.ResiteIT.com
Key Contact: Greg Starr
Name of Online Payment System: ResidentHub, ResitePayments
In Their Own Words:
Key Features:
- Accept payments online for rent, utilities, application fees, deposits and other payments. Funds direct deposit.
- Advanced tools to customize by community for resident interface, as well as for reporting and administration
- Use independently, or integrate with leading management software providers and accounting packages
- Superior administration for managers with real-time reporting and payment tracking
Performance Edge: With more than 40 management companies and 500 communities online, clients experience a higher conversion of residents to online payments than any other service. The resident interface and advanced reporting provide flexibility to adapt to clients` unique accounting policies and procedures. Many clients benefit from interfacing with property management software and accounting solutions.
Tranzero Inc.
8599 Venice Blvd., Los Angeles, CA 90034
310-268-1765 ext 222/310-268-1766 (fax)
www.tranzero.com
Key Contact: Ron Eshel, 310-268-1765 x227
Name of Online Payment System: TranZero Web Payment Solution/TranZero Check Conversion Solution
In Their Own Words:
Key Features:
- Electronic check conversion solution: Check 21 compliant and ARC (Accounts Receivable Check)
- Private-label Web-payment solution: Look and feel of clients` web site
- Integratation with all property management solutions
- Funds available same business banking day
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