CARROLLTON, Texas, April 24, 2012 /PRNewswire/ -- RealPage, Inc. (NASDAQ: RP), a leading provider of on-demand software and software-enabled services to the rental housing industry, today announced the launch of the eMoney Order payment solution available through its RealPage Payments platform.
The eMoney Order solution offers a secure, cost-effective alternative to paying rent and other charges with paper money orders, and provides real-time posting to resident ledgers when a payment is made. RealPage Payments customers will provide their residents with a payment coupon that residents use to pay rent with cash at participating retail locations. RealPage Payments partnered with Fiserv, the largest processor of walk-in bill payments in the United States, to offer this solution, which enables residents to pay rent and other charges at more than 24,000 retail agent locations nationwide, including supermarkets, drugstores, convenience stores, and independent and chain store retailers.
"The eMoney Order solution is integrated directly into the property management system, enabling automatic payment posting in real-time into the resident ledgers. Additionally, each payment is validated on eviction and in collection status. No other multifamily payment provider offers that advantage," said Kimberly Lang, vice president of Payment Services for RealPage.
In addition to providing convenience for residents, the eMoney Order solution gives property owners and managers a more efficient and secure alternative to accepting traditional money orders. Unlike paper money orders, which can be lost, stolen or altered, eMoney Order facilitates a more secure payment transaction. RealPage Payments is embedded into the property management software, which streamlines the cashless eMoney Order process so site staff no longer has to handle and process money orders from residents each month, saving time and potential errors as well as preventing fraud.
New eMoney Order
"Resident eMoney Order provides Camden with a new real-time payment channel that eliminates time our staff would spend on scanning paper money orders," said Leigh Ebersole, director of Business Services, Camden. "An added benefit for us is that we anticipate faster turnaround on funding compared to what we get with traditional money orders."
About RealPage, Inc. Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on demand (also referred to as "Software-as-a-Service" or "SaaS") products and services to apartment communities and single family rentals across the United States. Its on demand product lines include OneSite® property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student living, senior living and military housing properties; LeaseStar™ multichannel managed marketing that enables owners to originate, syndicate, manage and capture leads more effectively and at less overall cost; YieldStar® asset optimization systems that enable owners and managers to optimize rents to achieve the overall highest yield, or combination of rent and occupancy, at each property; Velocity™ billing and utility management services that increase collections and reduce delinquencies; LeasingDesk® risk mitigation systems that are designed to reduce a community's exposure to risk and liability; OpsTechnology® spend management systems that help owners manage and control operating expenses; and Compliance Depot™ vendor management and qualification services to assist a community in managing its compliance vendor program. Supporting this family of SaaS products is a suite of shared cloud services including electronic payments, document management, decision support and learning. RealPage's MyNewPlace® subsidiary is one of the largest lead generation apartment and home rental websites, offering apartment owners and managers qualified, prospective residents through subscription, pay-per-lead and LeaseMatch pay-per-lease programs. Through its Propertyware subsidiary, RealPage also provides software and services to single-family rentals and low density, centrally-managed multifamily housing. For more information, call 1-87-REALPAGE or visit www.realpage.com.
About Fiserv Fiserv, Inc. is a leading global technology provider serving the financial services industry. Fiserv is driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For six of the past eight years, Fiserv ranked No. 1 on the FinTech 100, an annual international listing of the top technology providers to the financial services industry. For more information, visit www.fiserv.com.