RentPayment’s Promotion Team has been offering residents a variety of promotional incentives and giveaways this holiday season. Last month, we launched our First 50 Promotion where the First 50 residents to pay their rent online had the opportunity to win a $50 MasterCard Gift Card courtesy of RentPayment. So who were the lucky winners?
Check out a few of them below!

This month we are offering residents the chance to participate in our Holiday Giveaway Spree where one resident has the chance to win a $1,000 MasterCard Gift Card to kick off 2012 and five additional residents will each receive a $100 MasterCard Gift Card for participating. The promotion has been a great success generating an extra 42,000 electronic rent payments from the select communities.

We asked these residents: Why do you use RentPayment?

• “It’s so much easier to not have to worry about writing a rent check and finding a stamp to mail it in. With the holidays it just gets too hectic!”
  Rick M. – Chicago, IL
• “I can pay from my iPhone anywhere in the world. You can’t beat that.”
  Julie T. – Gainesville, FL 
• “The 1st always seems to sneak up on me, especially around New Year’s. The rent reminder emails are perfect because I can click one link and then pay with my credit card.”
  Prasad K. – Houston, TX 

Congratulations to all our First 50 Promotion and Holiday Giveaway Spree winners and a big thanks to the property managers for all their efforts! If you’re interested in running a promotion for the residents at your property, email us at Marketing@RentPayment.com for more information.

Happy Processing from your friends at RentPayment!

YapStone Inc., the parent company of RentPayment, is proud to announce we are now processing over $14 Million in electronic payments every day. With the recent acquisition of our largest competitor PropertyBridge Inc., YapStone Inc. has continued to grow as the largest electronic payments-as-a-service (ePaaS) provider for the property management industry, processing significantly more payment volume than any of our payment processing competitors. This astonishing number will only continue to grow in 2012, with our international expansion into residential markets overseas and our new product RentPaymentNow! which is designed for smaller single family residential property owners in the United States.  Matt Golis, CEO of YapStone, explains: “Our significant scale is a testament to our vertical focus and software-centric approach to the market. Unlike competitors who take more of a low tech, one-size-fits-all approach, our ePaaS software is designed with the customer in mind, adhering to the specific business rules of recurring bill payment industries. We believe this approach is a significant differentiator that will continue to drive revenue growth in 2012 and beyond.”

To view the entire article, in Payments Market, click here or for a link to the Press Release, click here.

The CEO of YapStone Inc., RentPayment’s parent company, Matt Golis, was recently interviewed and featured in an article by Multifamily Executive titled, “Durbin Does Debit: Dodd Frank Amendment Saves Multifamily Some Dough.”  The article discusses the widely debated Durbin Amendment and its potential effect on the multifamily housing industry.

The Durbin Amendment is an addendum to the Dodd Frank Financial Reform and Consumer Protection Act passed by Congress in 2010, which calls to expand Federal Reserve powers for setting interchange fees in relation to debit card transaction processing.  In laymen terms, the Durbin Amendment, which went into effect on October 1, will lower the fees associated with processing debit card payments.

This is a great benefit for the multifamily housing industry, as it will facilitate the transition to electronic payment options for properties and their residents. Property Management Companies and individual rental property owners can now provide their residents with the luxury of paying their rent online, by phone, or by text, with a debit card, at lower prices than ever before.

To read the entire article click here.

With the holiday season well on it’s way, we thought it would be fun to share some pictures of our Halloween Company Party.  This was the first Holiday event to take place at our new and improved Headquarters in Walnut Creek, CA! 

This year’s festivities included a Costume Contest awarding the Best Male, Best Female, Funniest, Scariest and Prettiest costumes, as well as a Mummy Making contest, which called for each department to make a Mummy out of their Department head!  As you can see, everyone had a wonderful time at this big company bash.

Visit our Facebook Page for more pictures of this spooktacular event!

Check out this week’s issue of the San Francisco Business Times for a “Fast 100” company spotlight on YapStone, the parent company of RentPayment. The article features an interview with our CEO, Matt Golis, highlighting the growth of electronic rent payments as well as the benefits they provide property managers and residents alike.

To read the full article click here:

Happy Friday everyone! We thought we would end your week with a little “treat.” Say hello to Alexis, one of the youngest members of the YapStone (RentPayment’s parent company) family. She stopped by the Santa Monica office to visit her Dad and made a quick cameo for all to enjoy.

No tricks here, just adorable treats!

Last month on the RentPayment blog we outlined some interesting Mult-Family Housing Industry facts. Our findings demonstrated a significant majority of rental properties happen to be smaller unit properties owned by individuals, rather than larger properties owned by property management companies. We also shared some ways we felt electronic rent acceptance could be of great benefit to individuals who own small unit properties and their residents.

RentPayment leads the electronic payment industry yet again …. Today (drum roll please), we are proud to announce a solution that will provide all U.S. renters with the rent payment flexibility they demand and provide individual property owners with an easy to use and value adding  service to accept credit, debit eCheck payments.  Ladies and gentlemen, we are proud to announce this GREAT solution is RentPaymentNow!

RentPaymentNow! provides residential properties of all sizes the ability to apply online – in a couple easy steps – to process electronic payments. Within minutes these properties can begin accepting online rent payments! Prior to RentPaymentNow!, it was only feasible for large property management companies to assume the cost of transacting in the digital world. RentPaymentNow! introduces an affordable way to process credit card, debit card and eCheck for any residential rental property! 

Depending on what types of payments individual properties choose to accept, renters will have the option to pay rent with eChecks online, debit cards online, and credit cards over the phone, in-person AND via RentPayment’s innovative RentByText^TM service. RentPaymentNow! is more than your average online payment processor; it is opening the doors for individual property owners to grow their business like never before and to provide their residents with the flexibility and freedom they deserve when paying their rent each month.

So if you, or anyone you know owns or manages a property, visit RentPaymentNow! and follow our 4 easy steps to start accepting electronic payments NOW —it’s THAT easy.

Just as promised, we are excited to announce the BIG PREMIER of RentPayment’s 2011 Student Housing Promotion Wrap-Up Video!  Seeing the “Love at First Click” Promotion come to life was extremely exciting for us and we couldn’t wait to share this video with all of you.

Sit back, relax and enjoy the “show”!
 

Once again, thank you to all the property managers and their management staffs! Without your help, dedication and enthusiasm this promotion could not have been such a success.  We promise to keep the promotions and prizes coming for you and your residents.

Don’t let your community miss out on a chance to win BIG for just paying their rent online! Stay tuned to the RentPayment blog for future promotions, giveaways, coupon codes and sweepstakes.

Everyone loves a good deal and it’s fair to say that if someone had the option to pay a lower price, they would, despite their economic situation.  In fact, a survey by RedPlum reported an overwhelming 96% of shoppers (of the 23,000 surveyed) claimed they would still use coupons even if they won the lottery! This “save when you spend” mentality has only become more prominent in our society since the onset of the most recent recession.  More people are spending additional time surfing the web for added discounts, free shipping, and promotions. NCH, a coupon processing and information management company, reports the overall coupon redemption volume in the United States grew 3.1% to 3.3 billion consumer good coupons, in the past year alone.

The digital age has definitely facilitated the process of the “deal hunt,” as online coupon usage is on the rise.  Naturally, online retailers of all sorts have had to jump on the bandwagon and start satisfying consumers’ need to save, increasing the number of digital coupon offers by 37% in 2011, as reported by the NCH.

RentPayment thinks it’s time for the multi-family housing industry to dive into the coupon craze and utilize online coupon codes.  We can now proudly say, we too have contributed to the 37% increase in the number of digital coupon offers in 2011! Our “Love at First Click” Student Housing promotion marked a new beginning for RentPayment promotions.

From here on out, be on the lookout for RentPayment coupon codes for your community’s residents.  They might just have the chance to enter one of our exciting promotions or sweepstakes and win amazing prizes or discounts, just for paying their rent online!