NWP Services and CheckFree Announce aBreeze(TM) Payment Processing Service for the Multi-Housing Industry
Posted on: Tuesday, 6 June 2006, 09:00 CDT
NWP Services Corporation (NWP) and CheckFree Corporation (NASDAQ: CKFR), a leading provider of financial electronic commerce services and products, today announced that they will offer a comprehensive resident payment solution, branded as aBreeze(TM), to the multi-housing industry. The new service combines NWP's multi-housing billing services capabilities with CheckFree's payment processing expertise to provide residents with a flexible variety of payment options, thus making payments "a breeze" for residents and property managers. The implementation presents an opportunity to significantly reduce costs associated with accepting and processing monthly resident payments at local property sites, including rent, utilities and other resident fee balances. aBreeze also accelerates availability of funds and non-sufficient funds (NSF) notifications for property managers.
With aBreeze, residents can make payments at the website of the property or management company, on-site using a check, or by phone using a credit card. All payments are processed electronically, with checks converted to electronic payments on-site which can significantly reduce administrative processing costs.
"aBreeze is a payment processing solution that responds to the needs of the multi-housing industry, offering residents the use of multiple payment types and methods, online or on-site, using a common service platform," said Michael Radice, president and CEO, NWP. "The agreement with CheckFree enables NWP to extend to our customers the reliability, performance, quality service and high level of security from the leading provider of financial electronic commerce. aBreeze offers multi-housing residents greater levels of access and flexibility than they have with conventional recurring automatic debit services," added Radice.
"NWP's expertise in servicing the multi-housing industry, combined with CheckFree's experience processing nearly 300 million electronic payments quarterly, uniquely positions us to offer the industry an innovative, reliable, and effective payment solution," said Mark Johnson, vice chairman, CheckFree Corporation. "aBreeze extends the convenience that many consumers are experiencing paying their monthly bills online or by phone to multi-housing owners and managers, allowing them to more efficiently serve residents in their communities," added Johnson.
About NWP Services Corporation
Headquartered in Irvine, Calif., NWP Services Corporation (NWP) serves the multi-housing industry as the leading provider of resident billing solutions, including convergent billing and payment services for rent, utilities and other charges from the resident's monthly ledger; utility cost management solutions including utility cost recovery, utility data management, and conservation and irrigation control services. NWP's offerings are available for use as individual services or as a fully integrated solution and are designed to accelerate the financial performance of our customers, allowing them to recover and reduce operating costs, create operational efficiencies, improve property NOI and boost resident satisfaction. NWP also provides the regulatory expertise, technology infrastructure and high quality training and support services which property owners and managers can rely upon to stay competitive and thrive in an ever-changing market. Additional information is available at www.nwpsc.com.
About CheckFree (www.checkfreecorp.com)
Founded in 1981, CheckFree Corporation (NASDAQ: CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage about $1.3 trillion in assets. CheckFree Software develops markets and supports software applications that are used by financial institutions to process more than two thirds of the 12 billion Automated Clearing House transactions in the United States. The division also provides operational risk management, financial messaging, corporate actions, and regulatory compliance software to more than 1,500 organizations across the globe.
Contact Information For NWP Services Corporation David Collins 949-253-2589 Contact via http://www.marketwire.com/mw/emailprcntct?id=1B8B8AD76FB04770 For CheckFree Corporation Judy Wicks 678-375-1595 Contact via http://www.marketwire.com/mw/emailprcntct?id=3D31BA49EDAB5F85
SOURCE: NWP Services Corp
Source: MARKET WIRE
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