September 25, 2007 12:48 ET

Mortgage Holders Can Now Pay Monthly Mortgage Bill Online With Visa, MasterCard and Discover Credit Cards

CardIt, LLC. Launches Company Operations to Give Consumers More Options to Pay Their Mortgage

SAN FRANCISCO, CA--(Marketwire - September 25, 2007) - CardIt, LLC., a third-party payment provider that acts as an intermediary between consumers and mortgage lenders, today announced the launch of company operations. CardIt accepts, processes, and remits payments on behalf of customers and then sends payments directly to lenders. The service is Web-hosted with no download to install and features automatic scheduling options.

"We plan to become the leading online solution that enables consumers to pay mortgages, car payments and other large obligations using credit cards," said CardIt CEO Philip Mikal. "The need for our service exists because the payment process for mortgages and auto loans has remained unchanged despite technical advances in online banking and bill payment. Until now, consumers have had no easy way to directly pay mortgages using credit cards, and current solutions are inefficient. Lenders are both unwilling and sometimes legally prevented from accepting credit card payments directly, which prevents consumers from optimizing payment options."

The CardIt web site features an intuitive user interface as well as services to process approvals, payment schedules, service fees and reports. To generate activity at the site, CardIt is conducting co-marketing campaigns with rewards-program providers as well as awareness campaigns with bloggers and trade shows. "We expect to build credibility and gain market share through our customer retention program, and we plan to boost loyalty through word-of-mouth," Co-Founder Alexander Zada said. "We are the only service that offers online mortgage payments to consumers with Visa, MasterCard and Discover credit cards. Mortgage payments are about necessity, not novelty."

Consumers can begin paying their mortgages online today by visiting

About CardIt

CardIt is an online service that allows consumers to pay their mortgage with a Visa, MasterCard or Discover credit card. The CardIt method allows consumers to protect their credit and property by helping them pay on-time when they have no cash immediately available. This helps consumers potentially avoid late fees while giving them benefits such as cash-back, airline or other rewards that their credit card company issues. The process also helps consumers manage cash-flow. For more information, visit, call (866) 55-CARDIT or (415) 296-1155.

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