A new collaboration between Yardi® and integrated payment processing solutions provider BluePay will allow rental property managers in Canada to receive electronic rent payments.
Under the partnership, BluePay will work with Yardi Voyager® and RENTCafé® to process credit card, debit card and PAD payments made by residents of multifamily and condominium units, as well as commercial property tenants. BluePay will process payments and post deposits to property managers’ bank accounts “invisibly,” and landlords will receive the funds within hours.
“As renters and property managers increasingly favor electronic payments over paper cheques, BluePay and Yardi are poised to serve a market that could total $30 billion,” said Marcus Dagenais, president of BluePay Canada. “Having BluePay’s integrated payment solution directly within Yardi’s software platform is a key differentiator for this market, and will pave the way for increased revenues and a growing client base.”
“This collaboration joins Yardi’s property management solutions with BluePay’s experience in processing billions of dollars of transactions annually for thousands of organizations. Working together represents a giant step toward making electronic payments the secure, efficient rent payment method of choice in Canada,” said Peter Altobelli, vice president of sales and general manager for Yardi Canada.
BluePay (bluepay.com) is a leading provider of technology-enabled payment processing for merchants and suppliers of any size in the United States and Canada. Through physical POS, online, and mobile interfaces, as well as CRM and ERP software integrations, BluePay processes business-to-consumer and business-to-business payments while providing real-time settlement, reporting, and reconciliation, along with robust security features such as tokenization and point-to-point encryption. BluePay is headquartered in Naperville, Ill., with offices in Chicago, Maryland, New York and Toronto.
Yardi® (yardi.com) develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide.