ProPay Launches Mobile Rent Payments Service

ProPay ( www.propay.com), a TSYS company and industry leader in merchant services, payment security, and mobile payments, today announced the launch of a service to provide rent payments via mobile devices for the property management industry. The technology empowers residents to pay rent, communicate with property managers and submit maintenance requests instantly through any smart device without having to login or download a traditional app. Property managers may also implement mobile credit card readers to collect application fees and security deposits with virtually any smartphone or tablet using the ProPay JAK .

The service is powered by Aptexx, the first mSaaS (mobile Software-as-a-Service) provider that utilizes Responsive Web Design and HTML5 technology to provide mobile rent payments for the property management industry. Aptexx fully leverages ProPay’s Level 1 PCI Compliant tokenization platform (ProtectPay®), and all merchant funds are FDIC-insured.

“ProPay is a mobile payments leader and innovator, and our partnership with Aptexx is one more example of how we provide creative ways to extend the value of payments,” said Greg Pesci, president of ProPay. “Combining ProPay’s data security and payment processing platform with the property management expertise of the Aptexx team, we have created a revolutionary mobile rent payment service.”

“There are almost 50 million Generation Y Millennials (ages 18-34) in the rental market and roughly 80% own smartphones. For property managers to remain competitive, they must adapt to the mobile renter,” said William Evick, chief executive officer at Aptexx. “The majority of the property management industry is using software that was built over a decade ago for PCs and laptops; software that simply doesn’t work well on smartphones. We’ve solved that problem.”

To learn more about the Aptexx suite of mobile services supported by ProPay, visit www.aptexx.com.

About ProPay

Since 1997, ProPay has provided simple, secure, and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete End-to-End Payment Security solutions designed to significantly reduce the client organization’s risk of having sensitive payment data compromised. ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award. ProPay is a wholly owned subsidiary of TSYS (NYSE: TSS) and is a leader in payment data security. For information, visit www.propay.com or call 888.227.9856.

About TSYS

At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief "People-Centered Payments SM." By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend, a TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.

TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, and has been named one of the 2013 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website, for more please visit us at www.tsys.com.

About Aptexx

Aptexx is led by a team that has decades of experience in property management, payment processing and mobile messaging. Aptexx empowers property managers by reducing resident turn over and increasing the bottom line through integrated mobile rent payments, turn-key resident messaging, mobile maintenance and real-time emergency notifications.

Copyright Business Wire 2010

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