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DALLAS and CLEVELAND (November 8, 2006) - TRANSFIRST ePayment Services, Inc., a division of TRANSFIRST HOLDINGS, INC., a leading provider of credit card processing payment enabling technologies, and DIY Real Estate Solutions, Inc. (DIY), a provider of
property management software for the Independent Rental Owner (IRO), announce their partnership to provide payment processing capabilities to users of DIY Software. DIY software was created for managers and
landlords of rental property ranging from a single family home to 1,000
apartment units.
The partnership linking DIY to TRANSFIRST’S TransAction Central™ processing gateway allows
landlords and property managers to improve their cash flow and streamline time consuming tasks, while providing a wide variety of payment options to their
tenants. Both one-time and recurring payments can be scheduled by either the resident
or property manager via the resident’s checking account or credit card. The use
of the recurring payment capability is the largest time saver to the
owner/manager, and is helpful to some tenants in that it is possible to
schedule automatic payments to coincide with pay dates. Many tenants find it
easier to manage their monthly cash flow by scheduling payments more frequently
than once a month. The scheduling of payments can be completed by the resident
via the property's website or by the manager via the DIY software. The website information is integrated with the DIY software.
DIY President, Steven Lloyd says, “These are the tools the Independent Rental Owners have told us they need to level the rental playing field and become more competitive in the market. It’s the same type of system larger
property management companies have recently implemented to increase their ROI
and deliver high quality resident service. Having a real time integrated service for
tenants’ rental payments gives our
customers a competitive service and productivity tool that will increase profitability."
Michael Phelan, President of TRANSFIRST’S ePayment Services division explains, “Efficient payment processing is critical to effective management of the accounts receivable function in any industry. We are pleased to be able to participate in bringing enhanced ACH and credit card payment capabilities to the independent rental property owner market and to partner with DIY, a management group with extensive experience in the industry. While rent payments have historically been made by writing checks, the increasing usage of reward-based credit cards indicates consumers and residents are attracted to their benefits. As a result, the property management industry has recognized the significant benefits of marketing card acceptance."
About DIY Real Estate Solutions
DIY is the number one advocate of the independent rental owner in the multi-housing industry. DIY’s team of property management experts have created an
affordable, web-based property management
system for landlords and managers. The DIY
system offers a variety of features to help manage rental property and solve
operational, accounting and reporting needs. Integration with partners such as TransFirst offers
DIY clients an opportunity to reduce data entry, become more efficient and improve ROI. A new resident portal service provides immediate access for
tenants to electronically
pay rent online via TransFirst. From a single-family
rental home to 1,000
apartment units, DIY delivers the power and knowledge of decades of
management experience in one software system. DIY Real Estate Solutions can be reached at 1-866-602-9007 or at.
About TRANSFIRST
A premier provider of transaction processing services and payment enabling technologies, TRANSFIRST offers a first-rate suite of products and services and customized processing programs uniquely tailored for the special business needs of financial institutions, independent sales organizations and agents and its referral and reseller partners. Through its in-depth industry knowledge, partnership strategy and innovative solutions, TRANSFIRST provides a specialized approach to transaction processing for healthcare providers, public entities, online and other non-traditional merchants, as well as brick and mortar retailers. Founded in 1995, TRANSFIRST is a market leader in strategic mergers and acquisitions, which has allowed the company to gain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TRANSFIRST is headquartered in Dallas, Texas, and has operations facilities in Louisville, Colo., Omaha, Neb., Kansas City, Kan., Newport Beach, Calif. and Milwaukee, Wis. Company wide, TRANSFIRST currently processes approximately $23 billion in annual sales volume for more than 160,000 merchants and more than 965 financial institutions. TRANSFIRST can be reached at 1-800-745-2659 or at .
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