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In addition to listing single- and multi-family vacant properties on its site — where renters register, are subject to security checks and are matched to properties — the company also offers digital lockboxes and sensors along with online schedulers that help landlords manage their properties.
Some of them have been mandated by governments, readying for anticipated demand. Kresse attributes this inertia to entrenched processes, both at the enterprise level and within some FIs, especially where lockbox services (including receiving and scanning payments) are large revenue generators.
First Billing serves more than 600 utility and municipal government clients. With a nod to the government space, he said, “the areas we’ve been focusing on are traditionally not retail or restaurants.”. Cohen told Webster that First Billing is “in the right spot with the right technology.”
With in-person payments for fines and fees no longer possible, government entities at the local and state levels are seeing a surge in ACH volume, according to Jeff Thorness, president of Forte Payment Systems, a CSG company. ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness.
Trust or lockbox account – The MCA lender opens a separate account for all your debit and credit card sales and takes a portion that goes toward repayment, before sending the rest to your business account. This allows you to stick to a structured repayment schedule regardless of the sales. Credibly requires minimal documentation.
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