Transcard has launched a solution that enables property managers to more quickly refund security deposits. The global payment solutions provider said in a Monday (Dec. 5) press release that its new Smart Disburse Multi-Party Payments also allows lessees to choose the method of payment. “As...
Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. Insurance policies that would replace traditional cash up-front deposits are an alternative being considered by both...
For most renters, coughing up a cash-based security deposit means parting ways with that money for the duration of the lease. Now, there’s a movement to replace cash deposits with insurance policies or electronic contracts. In this month’s Disbursements Tracker, Paraag Sarva, CEO of Rhino,...
Around the world, banks and FinTech firms are addressing challenges associated with enabling fund disbursements in real time — and some markets are developing real-time networks faster than others. In the latest Disbursements Tracker, PYMNTS explores how banks and card providers are approaching payment innovations...
June 12, 2018
The joy of renting a new apartment also comes with misery: Handing over a large sum of money to the landlord for a security deposit, which then sits useless in an account, earning virtually nothing. Not only do tenants dislike that payment ritual, but — and this may come as a surprise — so do many landlords. […]
January 17, 2024
FinTech company Obligo is collaborating with global investments company BNY Mellon to enhance the rental experience for property managers and renters. The collaboration is part of BNY Mellon’s Ascent Program, which aims to identify and collaborate with exceptional technology companies offering innovative solutions for the financial industry, the companies said in a Wednesday (Jan. 17) press release. During a proof-of-concept […]
December 05, 2022
Transcard has launched a solution that enables property managers to more quickly refund security deposits. The global payment solutions provider said in a Monday (Dec. 5) press release that its...
January 19, 2020
Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. Insurance...
