Walnut Creek, California (EastBayDaily) — Following its recent acquisition of PropertyBridge, Inc., YapStone, Inc., the largest electronic payments-as-a-service (ePaaS) provider to the property management industry and several other recurring bill payment verticals, announced that it is now processing over $14 million in electronic payment transactions per day. This significant number is substantially higher than any of YapStone’s competitors in the property management sector, and makes YapStone one of the largest payment processors focused on recurring bill payments.
“We are experiencing strong organic growth across all of our business lines,” commented Tom Villante, Chairman of YapStone. “We anticipate even stronger growth in 2012, fueled by our international expansion and new initiatives like our RentPaymentNow! product designed for the small landlord market.” YapStone continues to seek acquisitions of high quality companies, like PropertyBridge, which can extend their leadership position in existing markets or enable them to expand into additional recurring payment markets.
“Our significant scale is a testament to our vertical focus and software-centric approach to the market, “ said Matt Golis, CEO of YapStone. “Unlike competitors who take more of a low tech, one-size-fits-all approach, our ePaaS software is designed with the customer in mind, adhering to the specific business rules of recurring bill payment industries. We believe this approach is a significant differentiator that will continue to drive revenue growth in 2012 and beyond.”
About YapStone Inc. YapStone, Inc. is the largest Electronic Payments-as-a-Service (ePaaS) provider focused in property management and several other bill payment industries. YapStone’s payment service processes billions of dollars annually, with an on-demand platform that offers Web-based and mobile technology to its clients. YapStone’s technology includes a unified, real-time reporting platform for check conversion, credit/debit card processing, and electronic check processing.
Contact: Kiara Kempski YapStone, Inc., Marketing Manager P: 415.829.6908