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New ACH Rule Makes Electronic Payments More "Personal"

A new NACHA rule expands the scope of Accounts Receivable (ARC) payments, enabling on-site staff to personally accept paper checks for electronic processing. Previously, only checks received “securely” through the mail or in a drop box could be processed electronically.

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How to Use Property Management Software to Avoid Banks' Hidden Fees

If dealing directly with a bank for your multifamily electronic payment processing, you’re likely being nickeled and dimed to death from all the hidden transaction and service fees.

 

5 Questions to Ask Your Electronic Payments Processing Vendor

According to a National Multi-Housing Council survey (Automated Payments: Progress and Challenges, 2009), 63 million households pay at least one bill online, including rent payments, and more than 75 percent made payments at the vendor’s website. As the trend toward online payments accelerates, property management companies are seeking vendor partners to provide electronic payment processing […]

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