Optimal Payments and RentMoola enter strategic agreement

Tuesday 16 June 2015 10:42 CET | News

Optimal Payments, a global online payment solutions provider, has partnered with RentMoola, a Canada-based service.

Through this partnership, RentMoola is able to offer payment and onboarding services for merchants and customers via Optimal Payments NETBANX online payment gateway.

The North American rental market is worth USD 50 billion annually but currently only 3% of payments are made by credit card. A recent survey by MasterCard revealed that as many as 60% of property managers report that post-dated cheques, the most common method of payment, result in payments being late by up to four weeks in duration. Paying by credit card reduces late payments and rental revenue loss while increasing working capital for property owners. Moreover, a credit cards instant payment error notification allows for quick resolution of failed attempts as compared to as long as three weeks for bounced cheques.

RentMoola is a global payment network that allows tenants and owners to receive rewards for paying for rent and condo fees on line via credit card or direct debit. Members receive MoolaPerks, which provide discounts and exclusive access to transportation, food, beverages and other rewards redeemable across North America and the UK.

Optimal Payments provides credit-debit card and e-check (Direct Debit) services to retail/point-of-sale, internet and mail-order/telephone-order (MOTO) to merchants in Canada, the US, Europe and the Caribbean.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Optimal Payments, RentMoola, payment acceptance, NETBANX, online payments, payment gateway, onboarding services
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce


Airtel Nigeria plans payment service bank

Published 06 Dec 2018 13:14 CET | World
Airtel Nigeria is looking to strengthen its hold on the country’s mobile market with the plan to launch a payment service bank (PSB)....

Verified launches to authenticate products and people

Published 07 Sep 2018 00:13 CET | World
Verified has launched as a blockchain based product with the aim to let everyone create digital IDs for their products, verify ownership, and track and authenticate transfer of property....

StrongKey, NCCoE to help retailers reduce fraud with multi-factor authentication

Published 29 Aug 2018 11:04 CET | World
StrongKey has announced that it has been working closely with the NCCoE to help retailers and ecommerce merchants reduce the risk of fraud by implementing multifactor authentication for risky transactions....

New banking technology deals with mixed feelings from consumers

Published 24 May 2016 11:53 CET | World
A study conducted by Equifax in conjunction with Gorkana has revealed 60% of consumers accept their mobile phones to be tracked abroad by the bank or credit card provider....

Mswipe secures USD 25 mln in Series C round

Published 24 Jul 2015 09:56 CET | World
India-based mPOS provider Mswipe Technologies has secured USD 25 mln in its Series C round of funding from New York-based hedge fund Falcon Edge Capital, investment firm Meru Capital and ride hailing app, Ola....

MasterPass enters Belgium via Buy Way

Published 12 Jun 2015 10:57 CET | World
MasterCard has launched MasterPass in Belgium, a digital platform which will be implemented by Buy Way, a credit on the point of sale....

Amazon launches business marketplace, will close AmazonSupply

Published 29 Apr 2015 10:36 CET | World
Amazon has launched Amazon Business, an e-procurement platform targeted at purchases made by businesses, reports....

EPC releases updated versions of SEPA Credit Transfer, SEPA Direct Debit Rulebooks

Published 25 Nov 2014 11:57 CET | World
The European Payments Council (EPC) has rolled out updated versions of the SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Rulebooks....

Romania: EuroGsm partners Seamless for SEQR m-payment solution

Published 06 Jun 2014 08:59 CET | World
EuroGsm, partner of Orange Romania, has signed an agreement with Seamless Romania to implement SEQR, a solution enabling payments with smartphones....