| Property manager requirement |
PropertyBridge solution |
| Reduce costs of credit card and e-check acceptance. |
PropertyBridge has significantly reduced the costs of online payment acceptance by negotiating a pioneering processing rate structure with Visa. |
| Comply with complex credit card association and banking industry rules and security requirements. |
PropertyBridge is a managed service that delivers a “ready to go” compliant and secure payments platform. No further compliance or security investments are required by managers. |
| Avoid commingling of funds, and ensure direct disbursement of funds to designated direct deposit accounts for each property. |
PropertyBridge assigns separate merchant accounts to each property, enables management of these accounts through a consolidated reporting interface, and facilitates direct disbursement of funds to specific accounts designated by managers for each property. |
| Access and review all payment transaction data (online and card present) in a consolidated online environment and generate reports. |
PropertyBridge enables easy access to transaction reports for online and card present transactions through an easy to use online interface, and allows for data to be exported to property management software in compatible file formats. |
| Enable efficient and accurate post transaction reconciliation, particularly when funds collected exceed gross amount payable because of convenience fees. |
PropertyBridge’s Gross Pay Disbursement Model splits the convenience fee from the net payment amount and allows for the disbursement of the separate amounts into appropriate deposit accounts in accordance with customizable disbursement instructions. |
| Integrate generic or third party payment services with property management software solutions. |
PropertyBridge manages payments platform implementation for each customer and has developed working relationships with leading management software vendors to enable data exchange and replication on a custom basis. |
| Reduce potential exposure to delinquent or fraudulent payments. |
PropertyBridge improves rent payment rates and reduces the risk of delinquencies by offering residents broader payment options that are guaranteed by financial institutions. |
| Increase online payment adoption rates among residents. |
PropertyBridge offers Payment Perks, a unique incentive program designed to increase resident adoption of online payment services. |
