Durham, NC, August 27, 2001 - ClearNow, Inc. announced today the general
availability of its automatic rent collection service. It simplifies
the process of electronically debiting rents from residents' bank accounts.
Based in Durham, North Carolina, ClearNow, Inc. is a pioneer in easy-to-administer
Web-based Automated Clearing House (ACH) payment solutions for the rental
With ClearNow, property managers and owners can achieve all the benefits
of automatic rent collection: (1) increased resident convenience, (2)
a reduction in late payments, and (3) time savings - without the administrative
and technical complexities involved when dealing with the ACH payment
"The ACH payment network is by far the most cost-effective and
trusted way to electronically transfer rent from a resident's checking
account to his/her property company's checking account," said Justin
Yung, Vice President of ClearNow, Inc. "Compared to credit cards
which bill on a percentage basis, ACH payments are significantly less
expensive and are billed on a flat-fee basis."
"Until now, using the ACH payment network has required the extensive
set-up and learning of ACH software. Today with ClearNow, the whole
process has been dramatically simplified. With ClearNow, there is no
complicated software for the property manager to install and learn.
And, property managers do not have to remember to transmit files back
and forth with a bank every month. Using ClearNow, the property manager
simply inputs the rent amount and lease expiration date for an enrolled
resident in the property manager's online ClearNow account. Each month,
ClearNow automatically handles the fund transfer."
For more information on ClearNow, please contact:
Tel: (919) 680-4500
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