Mountain View, CA (PRWEB) February 07, 2012
PayNearMe, the cash transaction network, today announced that it is helping AMS Billing Services, a leader in utility billing services for multiple tenant facilities, streamline utility billing and collection services for owners and managers of multifamily properties. PayNearMe allows tenants to pay their utility bills with cash in less than 60 seconds at any one of 6,400 participating 7-Eleven® stores around the country. For property owners, PayNearMe simplifies and improves the collection process by providing an affordable and convenient option for tenants to make payments 24 hours a day, seven days a week.
“Property owners and management companies continue to look for better ways to serve tenants who need or prefer to pay with cash,” said Kirk Downey, president of AMS Billing. “PayNearMe is more convenient than money orders and easier to use for everyone involved.”
AMS will use PayNearMe’s Embedded Barcode Remittance (EBR) technology to print a unique barcode directly onto each tenant’s monthly statement. To make a payment, a tenant takes his or her bill to any local 7-Eleven store where the barcode is scanned at the register. The tenant then pays with cash and receives a detailed receipt as proof of payment. Property owners and managers are notified immediately that the tenant has paid.
PayNearMe’s cash payment option offers billing companies and property owners/managers a number of benefits, including:
- Reducing the operational costs associated with handling cash and money orders, with fewer required trips to the bank and no need to manually enter cash payments into accounting systems or to have security to guard against theft;
- Eliminating the risk of fraud or chargebacks, with funds that are 100 percent guaranteed; and
- Increasing the number of locations where payments can be accepted without the need for staffing additional sites.
Additionally, PayNearMe is more convenient and affordable for tenants. They save a trip to their property management company office and can pay their bills at any hour of the day or night near their home or work. Transactions are completed in less than 60 seconds.
PayNearMe Offers Turnkey Service
AMS Billing will offer a turnkey service that allows property managers to include barcodes on their monthly bills. PayNearMe’s quick and easy start-up process can be completed in a matter of minutes without requiring property managers to deploy new software or make changes to their internal billing systems.
“A significant percentage of residents prefer to pay with cash, so providing them with a quick and easy option can improve payment rates,” said PayNearMe CEO Danny Shader. “Incorporating PayNearMe’s technology into monthly billing services dramatically streamlines the cash payment process for consumers and property managers while reducing their costs. It’s a big win.”
For more information about PayNearMe, please visit http://www.paynearme.com.
PayNearMe is the cash transaction network that enables consumers to transfer money, repay loans, buy tickets, make online purchases and much more with cash. Consumers can conveniently make payments 24/7 in their own neighborhood in less than 60 seconds at any one of the 6,400 participating 7-Eleven® stores across the United States. For more information, please visit http://www.paynearme.com.
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