ClickPay Announces Acquisition of RE Lockbox Services
NEW YORK, March 12, 2015 (GLOBE NEWSWIRE) — via PRWEB — ClickPay, the fastest growing provider of SaaS-based payment and billing solutions for the property management industry, today announced its acquisition of RE Lockbox Services, a business that has been serving real estate clients for over 30 years. This business union will further support ClickPay‘s commitment to simplify and consolidate all payment methods into a single comprehensive solution for property managers. The acquisition helps expand the company’s staff and resources to support the fast-paced growth while keeping its core focus on customer service, product innovation, and technical support.
After the announcement, ClickPay‘s CEO, Tom Kiernan, remarked, “Our DNA is electronic payment and automation, but our customers know that a very significant percentage of tenants still pay by paper check. Our ability to accept, process, decision, and post these paper checks in combination with electronic payments distinguishes ClickPay from any other solution in the marketplace and meets the needs of property managers looking to be more efficient in the way they handle their receivables.”
Jim Woods, former Managing Director of RE will now lead ClickPay‘s lockbox division as Vice President, Lockbox and Remote Deposit Services. Jim stated “Our teams have always shared the same deep service commitment to our customers which is what made this joining of forces so successful right from the beginning. The team and I are excited to officially join ClickPay to support and fuel the incredibly rapid growth we have both experienced.”
ClickPay‘s President, Steven Van Praagh, stated “The two teams had a large portion of resources shared across many areas of the operation already, making the transition simple. Our customers continue to demand tight integration of data and reporting, processes and procedures, and customer service so it was time for us to constitute a change that benefitted our clients as well as both organizations. A win, win, win in the classical sense.”
ClickPay has built a robust, reliable and highly scalable solution to address high volume requirements of property owners and managers and support the future growth of the business. The ClickPay solution creates operational efficiency and reduction in costs for property managers by simplifying and consolidating all payment methods into a single comprehensive solution. These payment methods include online ACH, credit card, online bill payments, and paper checks.
The complete platform for real estate billing and payments.
As the industry-leading platform for automating real estate receivables, ClickPay accepts all payment methods, including paper checks, e-checks (ACH), cash, and credit & debit cards. ClickPay delivers integrated print and e-bill presentment and payment services to increase operational efficiencies and enable profitable growth. Shaping the future of real estate billing and payments with innovative products and services, ClickPay provides property management companies with customizable solutions to connect with their tenants, residents, and homeowners. To learn more, go to https://www.clickpay.com.
About RE Lockbox Services
Since 1976, RE has been providing lockbox services for Property Managers and Homeowners Associations. RE processes paper check payments utilizing a proprietary process and technology designed to handle the complex processing rules of the real estate industry. RE dramatically increases the efficiency and cost effectiveness of processing payments by minimizing exception handling and returns. Jim Woods is a second-generation operator of the business and brings decades of experience to the ClickPay.
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