SOURCE: NWP Services Corporation

April 03, 2007 09:05 ET

NWP Services Corporation Announces Adoption of Newly Published NMHC MITS Data Standards to Improve the Quality of Customer Data Transfer Processes

MITS Data Standard Supports NWP Billing and Resident Payment Services

IRVINE, CA -- (MARKET WIRE) -- April 3, 2007 -- NWP Services Corporation today announced that it has now developed and is deploying system integration processes based on the National Multi Housing Council's (NMHC) MITS resident transaction data standard to deliver its resident billing and resident payment solutions to customers. The MITS data standard was released and announced by NMHC on February 27, 2007.

Using the MITS resident transaction specifications, NWP has developed a standard payment file to support the delivery of its billing services, including resident utility billing and convergent billing for rent. In addition, the company has used the standard to build an interface to upload resident information for its aBreeze resident payment service, which is offered with CheckFree Corporation to multifamily firms.

NWP has already implemented the payment standard with several of its multi-housing customers, many of which are using distinct property management software systems. NWP's Director of Customer Implementations, Howard Behr, serves as a member of the MITS Resident Transactions Subcommittee and Governance Committee. According to Behr, "Our customers who now use this interface have much less to do in the implementation phase and ongoing management of their resident payment processing and billing programs." Behr added, "Data standards are a very positive step for the quality services being delivered and the right direction for the multifamily industry."

"MITS was established to help with data exchange processes and to improve integration among applications, and the NWP deployment is a prime example of what the MITS collaborative effort is all about," notes David Cardwell, Director of the MITS effort and NMHC Vice President of Capital Markets and Technology. Cardwell added, "The resident transactions data standard was a year-long effort, but it has already assisted many firms with their payment automation and billing systems."

To learn more about the NMHC MITS Data Standards initiative, go to www.MITSproject.com.

About NWP Services Corporation:

Headquartered in Irvine, Calif., NWP Services Corporation (NWP) serves the multi-housing industry as the leading provider of resident billing solutions, including convergent billing and payment services for rent, utilities and other charges from the resident's monthly ledger; utility cost management solutions including utility cost recovery, utility data management, and conservation and irrigation control services. NWP's offerings are available for use as individual services or as a fully integrated solution and are designed to accelerate the financial performance of our customers, allowing them to recover and reduce operating costs, create operational efficiencies, improve property NOI and boost resident satisfaction. NWP also provides the regulatory expertise, technology infrastructure and high quality training and support services which property owners and managers can rely upon to stay competitive and thrive in an ever-changing market. Additional information is available at www.nwpsc.com.

About MITS:

Established in 2002, the Multifamily Information and Transactions Standards (MITS) initiative is an industry-wide initiative to establish data and extensible mark-up language (XML) standards for the exchange of information. Through MITS systems integration, business process and data exchange is made more effective and efficient. MITS is a collaborative effort funded and supported by the apartment industry and its technology, financial services and business partners. Additional funding and support are provided by the National Multi Housing Council (NMHC) and the National Apartment Association (NAA). For more on the MITS initiative visit www.MITSproject.com

Contact Information

  • Contact for NWP Services Corporation:
    David Collins
    949-253-2589
    Email Contact