Yardi Announces New Walk-in Payment System (WIPS) for Rent Payments

Eliminate risk of money order fraud with new service that’s efficient and convenient for residents and property managers

SANTA BARBARA, Calif., Oct. 22, 2013 – Yardi announced today that a convenient new feature allowing residents to pay their rent in cash at participating retailers is now available as part of Yardi Payment Processing™. Using Yardi’s new Walk-in Payment System (WIPS), residents can pay rent in cash at over 18,000 participating convenience stores or big box retail locations. Payments are seamlessly transferred to the property management companies’ Yardi Voyager® system.

“Residents get the convenience of a one-stop experience. Property management companies gain efficiencies, increase the likelihood of collecting rent on time and reduce money order fraud,” said David Kessler, vice president, affordable housing for Yardi.

Property managers who prefer not to process cash or money order transactions will find WIPS™ to be a secure and reliable alternative for collecting rent payments.

WIPSis part of Yardi Payment Processing, which includes three convenient payment processing options for multifamily property management. Yardi Online Payments™, Yardi CHECKscan™, and Walk-in Payment System (WIPS) are payment processing solutions integrated with Yardi Voyager to streamline rent collection, cut operational costs, and reduce processing errors.

Electronic payment confirmations of WIPS transactionsare available in Yardi Voyager next-day, with funds made available within three business days.

About Yardi

Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, Yardi Multifamily Suite™, Yardi Investment Suite™ and Yardi Orion™ Business Intelligence, the Yardi Voyager platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com.

Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255