LOS ANGELES | DoubleBeam, a provider of mobile retailing solutions, and YapStone, a leading provider of electronic payment solutions to the property management industry, announced plans to integrate DoubleBeam's mobile account enrollment and eCheck deposits into YapStone's award-winning RentPayment mobile app.
Check or Card Picture used for Payment and Enrollment
DoubleBeam's digital image capture and mobile based eChecking payments tool will allow YapStone to embed mobile payment capabilities into their popular RentPayment Mobile App. Embedding the DoubleBeam software development kit in the RentPayment App allows renters to set up their mobile account by simply taking a picture of a blank check or credit card. Users can securely store the information for a one-time payment or leverage the technology for recurring use. The DoubleBeam integration will also allow landlords to accept and process mobile payments within the existing mobile application when users take photos to deposit checks directly into landlords' accounts.
"DoubleBeam's cutting edge mobile technology delivers a high impact, frictionless customer experience," said Michael Denbeau, SVP of Business Development at YapStone. "Just like with online payments, the RentPayment app is 100 percent secure. Adding the DoubleBeam onboarding functionality makes our rental payment solution even easier and more compelling for our tech savvy renters who need to make an on-the-spot payment or want to set payments to recur."
DoubleBeam is one of the first mobile payments technology providers to leverage mobile-based eChecking, and onboards users by simply taking a picture of a blank check and photo identification. Using this model, retailers gain an 80 percent savings related to Interchange fees and typically have access to funds in 24 to 48 hours. Consumers gain the convenience of paying for purchases with their mobile device and earn exclusive rewards and savings."By offering a secure, convenient mobile payment option, RentPayment makes life easier for the on-the-go renter," said Ted Tekippe, CEO of DoubleBeam. "We are very deliberate about partnerships. YapStone and RentPayment share our passion for useful, innovative mobile commerce."
DoubleBeam provides white-labeled mobile payments technology solutions designed to easily integrate into any existing mobile application or digital wallet. DoubleBeam's technology solutions have been deployed by mobile commerce providers, retailers and point-of-sale (POS) vendors, delivering an enhanced end-user experience, driving out costs by virtually eliminating transaction fees, and leveraging captured data to deliver more targeted, relevant offers and rewards/loyalty programs. DoubleBeam is located in Pasadena, California. Visit www.doublebeam.com for more information.
RentPayment is a division of YapStone, the leading global provider of web and mobile payment solutions and processing for targeted vertical markets such as property management (rentpayment.com), vacation rentals (vacationrentpayment.com), homeowner associations (duespayment.com), bed and breakfasts (innpayment.com), and non-profit (parishpay.com) as well as several new bill payment markets. Established in 1999, YapStone's payment service processes billions of dollars annually, with an on-demand platform that offers web-based and mobile payment processing and integration to its clients' accounting systems and websites. YapStone's technology includes a unified, real-time reporting platform, credit/debit card, electronic check processing, check conversion and cash payments. YapStone has been recognized in Inc. 5000 Fastest Growing Private Companies for the last 5 years. In 2011, Accel Partners and Meritech Capital Partners made a $50 million minority investment in YapStone.