SOURCE: NWP Services Corporation

December 14, 2007 13:05 ET

NWP Services Corporation Announces Over $100 Million in Resident Payments Have Now Been Processed Through Its Electronic Payment Processing Service for the Multifamily Industry

Over $100 Million in Resident Rent and / or Utility Payments Processed

IRVINE, CA--(Marketwire - December 14, 2007) - NWP Services Corporation announced today that it has surpassed $100 million in resident payment transactions processed in 2007 through its electronic payment processing service called aBreeze. With aBreeze, payments are routed directly into property owners' bank accounts either through check scanning equipment utilized on-site or via online check payments through an application made available to residents by NWP.

With over 10 years' experience in handling resident utility payments, NWP enhanced its resident payment service in 2007 to introduce electronic payment processing and expanded its capability to include rent payments. These advancements were made possible through NWP's agreement with CheckFree Corporation, which is now part of Fiserv Inc., a leading provider of information technology services to the financial industry. CheckFree processes more than one billion transactions annually on behalf of 38 million consumers, and provides the payment processing for NWP's solution.

NWP's rent payment processing program also includes an online payment management center for use by on-site property managers, as well as automatic resident ledger payment posting for property owners utilizing the industry's leading property management software systems.

"NWP's payment service was built specifically to help property managers operate more efficiently by reducing manual data entry; eliminate trips to the bank; and to help increase profitability for property owners by making good funds available more quickly," stated Mike Radice, president and CEO of NWP. "We are excited about this important milestone which firmly demonstrates NWP's position as a leading provider of rent processing services for the multi-family industry. We expect to see continued significant growth in this offering during the months ahead as many multifamily owners are just now getting started in offering these services to their residents."

About NWP Services Corporation:

Headquartered in Irvine, California, NWP Services Corporation (NWP) serves the multifamily housing industry as the leading source of resident billing, resident payment and utility cost management solutions.

NWP is known for its industry expertise delivering proven results and exceptional quality. Resident billing by NWP helps property owners offset their utility expenses while allowing them to rely upon world-class regulatory compliance support and resident service. The company's billing options now include convergent -- or "rent-inclusive" -- billing through Resident OneBill™. NWP's newest offering, aBreeze™ Resident Payment Processing, enables residents to pay their rent, utilities and other monthly charges online or at the rental office with funds transferred to the bank electronically. aBreeze™ gives residents convenience and choice and enables owners to access cash faster. In addition, through a service called EIS+, NWP processes and pays bills sent to our customers' properties by utility companies. EIS+ helps customers reduce time spent on administrative bill payment work and provides them with valuable utility data and additional cost management opportunities, including recovering expenses from residents when they fail to transfer utilities into their own name.

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 NOI and FFO and boost resident satisfaction. Additional information is available at

Contact Information

  • Contact for NWP Services Corporation:
    David Collins
    Email Contact