Payment types

                                                                                             Read our check scanning news release

Check Scanning

The PropertyBridge Check Scanning solution seamlessly converts all paper checks (consumer, business, money order and cashiers checks) into electronic transactions. Every payment made is fully integrated with your existing accounting system. That means efficient reconciliation and reporting. Plus, all transactions are fully compliant with state and federal laws.

Benefits of PropertyBridge's Check Scanning Solution

• Integrates payments seamlessly into leading property management accounting systems
• Reduces the costs of processing paper checks by eliminating data entry and trips to the bank
• Offers a single, integrated view of all payments across the portfolio
• Improves cash management with next day funding and payments captured in real time
• Offers a proven return on investment with customized marketing and support to drive adoption
• Provides a convenient payment method for residents - pay anytime, anywhere
• Offers a flexible, web-based interface with payment types and channels tailored by community
• Ensures that all payments are fully compliant and secure
• Provides a highly competitive rate structure based on unique relationships with leading financial services organizations

How Does It Work?

• Resident makes payment by paper check

• Community Manager launches the PropertyBridge Community Interface

• Community Manager feeds the resident’s check into a scanner, capturing the image, amount (CAR/LAR) and MICR (bank account and routing number) data from the check*

• Community Manager verifies the dollar amount and processes the payment

• Funds are electronically withdrawn from the resident’s bank account

• Funds are deposited into the property’s bank account

Features:

• Supports single check handling or bulk processing of items

• Resident information is associated with the MICR for faster processing

• View payment status for all transactions via a single interface (approved, refunded, returned)

• Support for all major scanners including RDM 7000, Panini MVX and SB1000

• All checks processed as Check 21 (consumer, business, money order and cashiers checks)

Download our Check Scanning Data Sheet [PDF]

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