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Cashtie API enables property management companies to offer cash payment option to tenants
ATLANTA, Feb. 25, 2014 /PRNewswire/ -- InComm, a leading prepaid product and transaction services company, today announced that Rezzcard, a New Jersey-based rent payments and mobile communications company focused on serving the needs of tenants and families in affordable housing communities, is integrating Cashtie into their payment system.
The Cashtie API coupled with InComm's global retail network will allow Rezzcard cardholders to pay their rent in cash at over 70,000 approved Cashtie-enabled retail locations nationwide. With this integration, property management companies will be able to provide an easy and convenient cash payment network to their renters. With over 28 percent of the US population transacting almost exclusively in cash, the flexibility that Rezzcard offers by implementing Cashtie is one of the first services of its kind in the property management market.
"As a company, we focus on affordable housing communities where the majority of tenants are using cash to buy money orders to pay rent," said Alex Cooper, CEO of Rezzcard. "InComm's Cashtie technology fits in perfectly with our strategy of providing fast, safe and secure rent payments. As we expand our reach nationally we can offer the safety and convenience of letting our customers pay their rent in a brick-and-mortar store and have immediate proof of payment."
The overall process is simple and straightforward. Rezzcard will include a barcode printed on each card and make the barcodes available from their website and through a mobile application. The customer can simply go to a checkout lane, have their barcode scanned, specify to the clerk the amount to pay in cash and the transaction is completed along with any other items purchased. In addition to receiving a printed receipt, the customer will immediately get a text notification confirming the payment and Rezzcard will send the payment electronically to the property manager that same day.
"We are excited to support this new venture and jointly drive value to our retailers and rent-paying consumers," said Thomas Cornelius, Senior Vice President at InComm. "RezzCard is solving a significant problem for cash-paying consumers by bringing the value of efficient rent payments to this underserved group."
Cashtie enables ecommerce and bill payment software providers to quickly and easily add cash payment options to their existing applications. With Cashtie, partners can provide companies the ability to let consumers pay in cash for their utility bills, loans, online purchases and more at nearby retail locations. Cashtie customers can leverage InComm's global retail network, turning nearly 400,000 points of retail distribution into a cash payment location with no additional POS integration required.
InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. InComm supports more than 400,000 points of distribution and helps retailers build prepaid card destinations, connects brands with new markets and gives consumers a simple, secure shopping experience. InComm stays ahead of emerging trends by analyzing market needs and leveraging its global, innovative commerce platform, go-to-market expertise and extensive partner relationships. With 123 global patents, InComm is headquartered in Atlanta and has offices in North and South America, Europe and the Asia-Pacific region. For more information, visit www.incomm.com or follow us on Twitter at www.twitter.com/incomm.
Rezzcard was created by Alex Cooper, co-founder of one of the largest walk-in bill payment companies in the U.S. Rezzcard gives property managers and owners a payment solution for all classes of residents and rental communities, and brings the value of efficient electronic rent payments to underserved and unbanked consumers through both a unique walk-in solution and online portal. For more information, visit www.rezzcard.com.
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