Dallas, TX, August 05, 2011 --(PR.com
)-- SWACHA, one of the largest not-for-profit regional payments associations in the country, today awarded Irvine, California-based NWP Services Corporation (NWP) with its first PayItGreen Seal of Approval for their commitment to decrease paper usage and to promote electronic solutions such as Direct Deposit, ePayment, eBills and eStatements. The new seal is offered by NACHA and awarded by associations and businesses within the electronic payments industry.
NWP is a provider of smart solutions to lower operating and utility costs for the multifamily housing industry, including resident billing, resident payment and utility management services.
“It is vital for organizations to reduce their paper usage, and NWP Services is a great example of success in this area,” said Dennis Simmons, AAP, president and CEO of SWACHA. “The PayItGreen Seal of Approval will serve as a valuable third-party recognition program to reward businesses and financial institutions for their efforts to use electronic payments to help save the planet.”
The PayItGreen Seal of Approval recognizes organizations for excellence in removing paper from the process of issuing statements, payments, and bills. To receive this distinction, businesses must complete an online survey which evaluates the use of electronic payments. Applicants are scored on their responses to a series of questions designed to examine the scope of the organization’s electronic billing and payment progress.
“We are honored to be awarded the PayItGreen Seal of Approval,” said Michael Radice, president and CEO for NWP Services Corporation. “The business solutions offered by NWP are inspired by and contribute to conservation efforts and signals our customer’s and the entire multifamily housing industry’s commitment to conserving our planet’s precious natural resources.”
An organization doesn’t need to be a member of SWACHA, PayItGreen or NACHA to qualify. There is no cost to take the survey to see if an organization qualifies. Upon approval, the organization provides a $100 administration fee. The seal of approval is valid for one year from the time the organization is approved. Organizations must reapply each year to ensure they continue to excel in paper suppression. Upon approval, an electronic copy of the seal will be sent to the businesses for use in all marketing and communication materials.
SWACHA-The Electronic Payments Resource®, is one of the largest not-for-profit regional payments associations in the country with approximately 1,100 members across the Southwest. SWACHA is the resource of choice for financial institutions and corporations in the areas of education, training, payments system risks and knowledge about electronic payments. For more information visit www.swacha.org.
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PayItGreen is a coalition led by NACHA — The Electronic Payments Association whose members are committed to educating consumers and businesses about the positive environmental impacts of choosing electronic payments, bills, and statements over paper. PayItGreen members are small-to-medium-sized businesses, large corporations, credit unions, banks of all sizes, regional payment associations, processors, and other financial industry service providers and stakeholders. For more information on the seal of approval: http://www.payitgreen.org/sealofapproval.
About NWP Services Corporation:
Headquartered in Irvine, California, NWP Services Corporation (NWP) provides smart solutions to lower operating and utility costs for the multifamily industry including resident billing, resident payment, utility management and MRO. Resident billing helps owners recover utility expenses with options including convergent billing with Resident OneBill. NWP’s Resident ePay service allows residents to pay rent, utilities and other charges online or in person with funds transferred to the bank electronically. NWP’s utility management product, UtilitySmart, helps owners and operators optimize utility spend and MRO Manager lowers operating costs and improves service increasing in Funds from Operations (FFO), Net Operating Income (NOI), resident satisfaction, and the asset value of multifamily properties. Additional information is available at www.nwpsc.com.
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