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RealPage® Announces Release of Tel-IVR Resident Payments Option

RealPage, Inc. (NASDAQ: RP), today announced the launch of its new Tel-IVR service. As part of the RealPage Payments product line, Tel-IVR provides property owners and managers with another payment option for their residents, a convenient electronic payments platform to process resident credit and debit card processing through their telephone via interactive voice response (IVR) technology.

“In our increasingly technology-based society, residents want every option available, even when it comes to paying their rent,” said Kimberly Lang, senior vice president, RealPage Payment Services. “Through RealPage’s Payment Services, our clients are able to provide the cutting-edge technology solutions their residents have come to expect. In addition to our new Tel-IVR service, this includes our mobile-optimized online payment portals, one-time or recurring payment options and payments by ACH, credit and debit cards, check or eMoney Order.”

With Tel-IVR, residents can pay their rent and living expenses using a debit card or credit card through a toll-free phone number. With a 24/7 service as well as bilingual support for English and Spanish, Tel-IVR provides clients with the ability to offer this payment solution while verifying eviction and collection status, support partial payment settings and validate resident balance before processing every payment. This new payment method permits clients to add structured convenience fees where permissible by law to the transaction to recoup credit card processing costs, prior to accepting payment.

“Offering our residents expanded services like Tel-IVR help us stand out from other properties in a crowded marketplace and also helps boost overall resident satisfaction, greatly reducing our turnover,” said Michelle Romeo, corporate trainer, Stonemark Management, LLC.

For clients utilizing the Tel-IVR service, all resident payments are automatically posted to the resident ledger, reducing the need for duplicate data entry and streamlining the payments process for both the resident and client. Payments are processed in real-time and are completely secure. For property management companies choosing to charge a convenience fee, the resident will be notified and prompted for acceptance on the call.

To learn more about Tel-IVR from RealPage Payments, please visit http://www.realpage.com/electronic-payments/electronic-pay/resident-payment-options.

About RealPage

Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on demand (also referred to as “Software-as-a-Service” or “SaaS”) products and services to apartment communities and single family rentals across the United States. Its on demand product lines include OneSite® property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student living, senior living and military housing properties; LeaseStar™ multichannel managed marketing that enables owners to originate, syndicate, manage and capture leads more effectively and at less overall cost; YieldStar® asset optimization systems that enable owners and managers to optimize rents to achieve the overall highest yield, or combination of rent and occupancy, at each property; Velocity™ billing and utility management services that increase collections and reduce energy costs; LeasingDesk® risk mitigation systems that are designed to reduce a community's exposure to risk and liability; OpsTechnology® spend management systems that help owners manage and control purchasing expenses; and Compliance Depot™ vendor management and qualification services to assist a community in managing its vendor program. Supporting this family of SaaS products is a suite of shared cloud services including electronic payments, document management, decision support and learning. RealPage's MyNewPlace® subsidiary is one of the largest lead generation apartment and home rental websites, offering apartment owners and managers qualified, prospective residents. Through its Propertyware subsidiary, RealPage also provides software and services to single-family rentals and low density, centrally-managed multifamily housing. For more information, call 1-87-REALPAGE or visit www.realpage.com.

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