SOURCE: NWP Services Corporation

NWP Services Corporation

November 11, 2010 07:55 ET

NWP's Resident ePay Clients Gain New Efficiencies Through Integration With VaultWare™ Online Leasing Application

Customers and Prospective Renters Benefit From a Seamless Online Reservation and Security Deposit Payment Processing Platform

IRVINE, CA--(Marketwire - November 11, 2010) - NWP Services Corporation (NWP), a leading provider of financial transaction processing solutions for the multifamily housing industry, today announced that it has established a payments interface with the premier online leasing solution, VaultWare™. The integration allows NWP's Resident ePay to electronically process payments for security deposits and rental application fees within the VaultWare online rental application.

Through the new integration, prospective renters using VaultWare's online reservation system can pay security deposits online (once pre-qualified) by check or using a credit or debit card* (*must have a MasterCard® or Visa® logo). The new feature improves the rate at which prospective renters are converted to residents; the process of qualifying for an apartment and paying the necessary fees can now be completed remotely or in-person with payments electronically deposited into the community's bank account. The result is a greater convenience and productivity for community managers and a seamless transaction for their prospective renters.

"We are thrilled that Realty DataTrust has entrusted us as a payments provider," said Michael Radice, president and CEO for NWP Services Corporation. "Our business is built on a foundation of enabling technologies that meets the multifamily housing industry's growing need for access to real time processing. Offering an electronic payment option will help community managers boost conversion rates, improve funds availability, increase operational efficiencies and centralize settlement collection," added Radice.

The integration also provides Resident ePay customers with the ability to collect application fees online via VaultWare's fully customizable online rental application. 

Resident ePay is NWP's award winning payment processing service that turns resident payments into electronic transactions. VaultWare™ offers online marketing and leasing solutions, including its flagship product, the award winning VaultWare™ Apartment Reservation System that facilitates online leasing by letting property owners and managers publish current apartment unit availability and rates, and receive apartment-specific reservation requests from rental prospects. It also allows those prospects to pre-qualify and complete a rental application and pay application fees for the apartment of their choice from the convenience of their own computer.

To learn more about the savings and results enjoyed by Resident ePay clients please contact NWP by calling 800.323.3178 or email multifamily@nwpsc.com.

About NWP Services Corporation: Headquartered in Irvine, California, NWP Services Corporation (NWP) provides financial transaction processing services for the multifamily industry including resident billing, resident payment and utility management. Resident billing helps owners recover utility expenses with options including convergent billing with Resident OneBill. NWP's Resident ePay service allows residents to pay rent and other charges online or in person with funds transferred to the bank electronically. NWP's utility management product, UtilitySmart, helps owners and operators optimize utility spend, increasing in Funds from Operations (FFO), Net Operating Income (NOI) and the asset value of multifamily properties. Additional information is available at www.nwpsc.com.

Contact Information

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