Transcard Enables Property Management Firms to Streamline Security Deposit Refunds with Multi-Party Payment Solution

Share Article

Transcard, a leading global provider of payments and financial services technology solutions, announces a first-of-its-kind multi-party payment solution, enabling property management firms to simplify and accelerate the refund of tenant security deposits.

Transcard for multi-party management firms

As a global payment leader, we are always looking for ways to improve the customer experience. With SMART Disburse, we’re not just simplifying security deposit refunds for property management firms, we’re creating better customer experiences by adding choice and convenience to the refund process.

Through SMART Disburse, security deposits can be reviewed, allocated, and paid digitally from any mobile device, laptop, or PC. Lessees can choose the method of payment for their security deposit, which can be sent to a debit card, directly to the customer’s bank account, or via paper check. When a lessee opts for real-time payment, they can receive security deposit refunds into their bank account within a matter of seconds. In cases where multiple individuals are on a single lease, lessees can digitally collaborate to allocate funds, avoiding the need for back-and-forth phone calls and emails.

The quick, seamless process simplifies refund disbursements and enhances customer satisfaction. Disbursements are automatically reconciled in the property management firm’s system of record. And property management firms can white label the disbursements solution with their own branding.

SMART Disburse Multi-Party Payments is part of the SMART Suite powered by Transcard. SMART Suite is a unified, cloud native global platform for disbursements, collections, merchant processing, account-to-account (A2A) transactions, and embedded supply chain processing.

“As more consumers embrace digital payments for daily financial tasks, we’re giving lessees more options for how they receive security deposit refunds,” said Transcard CEO Greg Bloh. “As a global payment leader, we are always looking for ways to improve the customer experience. With SMART Disburse, we’re not just simplifying security deposit refunds for property management firms, we’re creating better customer experiences by adding choice and convenience to the refund process.”

SMART Disburse Multi-Party Payments also can support business applications such as insurance claim payouts to multiple individuals and disbursements during the real estate closing process.

About Transcard
Transcard makes frictionless payments a reality with comprehensive global payment solutions designed for banks, Fintechs, and businesses of any size and in any industry. Transcard delivers solutions for business-to-business (B2B) payments, consumer-to-business (C2B) payments, business-to-business-to-consumer (B2B2C) payments, account-to-account automation, Banking as a Service (BaaS), and freight. Our solutions combine unmatched multi-rail capabilities, embedded workflows, best-in-class integration, effortless reconciliation, and bank-grade security. These are some of the reasons that many Fortune 500 businesses and banks trust Transcard with their payments.Learn more at http://www.transcard.com.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Transcard
@TransCardLLC
Follow >
transcard