If you build it, they will come.
As an ISV, you have been a part of the steady surge in renting across the county, and with a concentration in this expanding market, you’re aware that the growth shows no signs of stopping. Having an organized and easy to use system for monthly payments, late fees and amenities fees can be the difference between lease renewal and tenant relocation. At First American, our goal is to equip ISV partners with the most up-to-date integrated payment processing software options on the market.
Rome wasn’t built in a day
The renting market – from downtown high-rises to suburban complexes – continues to grow, creating huge opportunities for ISVs to differentiate their product offering with integrated property management payment processing solutions such as recurring payments.
Take a look at some of these stats:
- Since 2006, the amount of paying tenants has risen from 34.6 million to 43.3 million;
- 65% of millennials are currently renters;
- Renting is at its highest level since 1965 at 36.6%* *Source: https://cnb.cx/2AbaCn6
With cutting edge credit card and payment processing software solutions, ISVs can help property managers keep tenant retention high while maintaining steady cash flow. Through these effective and smart payment solutions, landlords can help every tenant feel at home.
Get in on the ground floor with innovative property management payment processing
Is your payment processing software solution adding value to property managers? Here are a few of their top priorities.
I need to resolve declined payments quickly, and update tenant credit card numbers in a timely manner.
- With our account updater functionality, credit card information is updated automatically, so you don’t have to contact the tenant for new information.
On-time payments help me allocate the budget for the upcoming month.
- Our recurring payment processing software technology enables automated monthly payments to support steady cash flow.
My tenants value their privacy and trust that I’ll keep their records secure.
- We keep cardholder data tokenized and encrypted for the highest level of data security. Our PCI compliant storage keeps data safe and secure.
Payment processing software options need to work both for me and my tenants.
- Our solutions support numerous payment methods – including one-time or recurring online account drafts, ACH, or e-check – maximizing payment form flexibility for tenants.
Spend less time chasing the money you’ve earned. With First American, payment processing becomes turnkey. To learn more, contact our ISV Partnership team today.
