CardWeb.com’s CardData database of Company Profiles today features YapStone.
YapStone has a hockey puck graph of growth with 30% to $40% per year over the past 15 years. The global provider of web and mobile payment technology solutions has landed a $60 million financing package with Comerica Bank and Bregal Sagemount.
CA-based electronic payment processor RentPayment has renewed its agreement with VISA to offer an integrated payment solution to apartment landlords for their resident’s automatic monthly rent payments and for one-time rent and security deposit payments. By accepting VISA products through RentPayment, property managers benefit from reduced administrative expenses from software integration of the electronic payments and increased closing ratios when prospective residents can use their VISA card for security deposits for RentPayment’s over 2.5 million apartment units under management.
RentPayment has delivered a fully-integrated A/R automation solution for AvalonBay Communities to accept electronic payment for rent, security deposits, and other rent-related expenses. Following a successful pilot in March 2006, AvalonBay Communities has successfully integrated RentPayment’s technology platform across its entire portfolio resulting in substantial cost savings and enhanced efficiency. Personal checks, business checks, money orders and cashier’s checks are electronically converted to images and seamlessly integrated into AvalonBay’s property management software and its resident portal. They are now able to scan checks at the community or from a centralized location. RentPayment provided all necessary hardware and software integration, as well as technical support. RentPayment is the largest electronic payments processor in the multi-family industry.