When it comes to payment processing, mobility is just one of many drivers shaping how owners/managers are doing business. Many are offering more ways to pay, striving to eliminate paper wherever possible, opening rent-payment kiosks at retail locations, seeking to incorporate greater security into payment systems and striving for ways to make the process more cost effective.
There’s no doubt the industry has embraced mobile as an increasingly popular way to provide payment. Residents are alerted to payments due by text messages or mobile-friendly apps, and rents are drawn from their checking accounts through Automated Clearing House (ACH) transfers and other means.
Mobile is so big it’s no longer a trend. It has transcended that term, says John Pendergast, senior vice president of client services with Santa Barbara, Calif.-based Yardi Systems. “The mobile population is not growing or increasing. Today, everyone is walking around with their smartphone or tablet,” he says. “If you’re preparing now to serve a mobile population, you’ve missed the boat.”
Read more...Payment Processing, Present and Future | Multi-Housing News Online
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