Visa and RentPayment Expand Visa Card Acceptance in the Apartment Sector

SAN FRANCISCO--(BUSINESS WIRE)--RentPayment, a division of YapStone, Inc., today announced that it have
renewed its understanding with Visa to offer an incorporate payment solution
to flat landlords. RentPayment’s place
directors have got over 2.5 million flat units of measurement under direction who can
now accept Visa from their occupants for automatic monthly blasted
payments, as well as for one-time rent and security sedimentation payments.

This new programme is designed to enable occupants of RentPayment’s
places to utilize their Visa card game without convenience fees for rent
payments and other lease-related transactions, such as as security
deposits. By accepting Visa products, place directors will be able to
recognize the procedure mechanization and efficiencies that payment card game can
provide.

“The economical and operational benefits of card
credence can assist kerb operating disbursals for place managers,”
states Flatness Golis, chief executive officer of RentPayment. “In
enabling place directors to accept Visa products, we are better
positioned to assist them present more than payment picks and greater
convenience to their residents.”

By accepting Visa merchandises through RentPayment, place directors
benefit from decreased administrative disbursals from software system integrating
of the electronic payments, increased shutting ratios when prospective
occupants can utilize their Visa card for security deposits, reduced
delinquencies, and the ability to offer around-the-clock payment
services.

The RentPayment-Visa solution gives tenants a convenient option to
authorship rent bank checks each month. EchoBoomers (18 to 28 old age old; born
1979 to 1989), who are entering the rental marketplace in big numbers, have got
go accustomed to using payment card game to buy most everything. Apartment occupants often mention rent as one of the lone bank checks they have got
to compose each month.

About RentPayment

RentPayment (),
A division of YapStone, Inc., is the biggest electronic payments
processor in the multifamily industry, serving over 20 of the Top 50
National MultiHousing Council Place Managers (2006 survey). Founded
in 1999, RentPayment's services are available in over 2 million
flat units. RentPayment supplies a incorporate Web-based platform for
bank bank check scanning, recognition card processing, and electronic check processing
to the place direction industry. RentPayment's central office is
located in the bosom of the Financial District in San Francisco,
California. RentPayment have further business offices in Salt Lake City (UT),
Santa Monica (CA), and Santa Barbara (CA).