Paymentus Partners With PropTech Leader MRI Software to Streamline Rental Property Utility Payments

Rhea-AI Summary

Paymentus Holdings Inc. announces integration with MRI Software to expand utility billing and payment capabilities for renters

Positive

• The partnership with MRI Software allows renters to receive, manage, and pay bills from national, regional, and local utility providers
• Paymentus supports a wide range of payment methods and channels, including Venmo, PayPal, Apple Pay, credit, debit, ACH, digitized cash, and crypto
• The integration aims to improve on-time bill payments and reduce delinquencies and service shut-offs for property managers

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• None.

Leading Electronic Billing Platform Provider Gives Tenants More Ways to Pay Monthly Utility Bills, Reduces Hassles for Multifamily Property Managers and Landlords

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Paymentus Holdings Inc. (NYSE: PAY) today announced a new integration with MRI Software, a leading provider of real estate software solutions, to expand the utility billing and payment capabilities available to MRI clients. The partnership enables renters to receive, manage, and pay bills from national, regional, and local utility providers currently connected to the Paymentus Instant Payment Network®, or IPN, and features a host of expanded payment options. The Paymentus integration with MRI Property Management X is available for clients using the MRI Living^TM suite of residential property management tools.

In the recent Voice of the Resident Report commissioned by MRI, most respondents – which included more than 2,000 U.S. renters across a mix of locations and rental categories – preferred more digital payment options to pay their bills. Paymentus supports more payment methods and payment channels than any other billing and payment platform, including online, mobile, IVR, text, kiosk, point of sale, and agent-assisted payments, as well as popular and flexible payment options such as Venmo, PayPal, Apple Pay, credit, debit, ACH, digitized cash, crypto, and more, to drive consumer action, adoption, and satisfaction.

“We understand consumer bill-pay dynamics better than any other payments solution provider,” said Dushyant Sharma, Founder and CEO of Paymentus. “When we expand payment optionality and remove friction from the process, bills get paid on-time and in-full. For property managers, our integration with MRI Property Management X will connect tenants directly to their utility providers meaning fewer payments for multifamily property managers to manage and fewer delinquencies and service shut-offs to deal with.”

“Today’s renters value the flexibility that comes with digital payment options,” said Sean Slack, Vice President of Partner Connect at MRI Software. “As an MRI partner, Paymentus will enable our clients to exceed expectations for multifamily, affordable and student housing renters by offering more ways to pay for utility services, resulting in a more satisfied, engaged community.”

Paymentus will attend MRI Ascend North America, in Chicago, IL October 24-27, 2023.

About Paymentus

Paymentus is a leading provider of cloud-based bill payment technology and solutions for more than 1,900 billers and financial institutions across North America. The company was named the industry’s best-in-class provider of EBPP solutions by Aite-Novarica in February 2022. The Paymentus omni-channel platform provides consumers with easy-to-use, flexible, and secure electronic bill payment experiences through their preferred payment channel and type. Paymentus’ proprietary Instant Payment Network^®, or IPN, connects IPN partners’ platforms and tens of thousands of billers to Paymentus’ integrated billing, payment, and reconciliation capabilities. For more information, please visit www.paymentus.com.

About MRI Software

MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI’s open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than six million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, please visit www.mrisoftware.com.

SOURCE: PAYMENTUS
CATEGORY: COMPANY NEWS

View source version on businesswire.com: https://www.businesswire.com/news/home/20231023287451/en/

Media Contact:

Tony Labriola

media-relations@paymentus.com

Investor Contact:

David Hanover, Senior Vice President

KCSA Strategic Communications

paymentus@kcsa.com

Source: Paymentus

FAQ

What is the integration between Paymentus and MRI Software?

The integration between Paymentus and MRI Software expands the utility billing and payment capabilities for renters.

What payment methods does Paymentus support?

Paymentus supports a wide range of payment methods, including Venmo, PayPal, Apple Pay, credit, debit, ACH, digitized cash, and crypto.

What are the benefits of the integration for property managers?

The integration aims to improve on-time bill payments and reduce delinquencies and service shut-offs for property managers.