“Transcard, a leading global provider of payments and financial services technology solutions, announces a first-of-its-kind multi-party payment solution, enabling property management firms to simplify and accelerate the refund of tenant security deposits. Through SMART Disburse, security deposits can be reviewed, allocated, and paid digitally from any mobile device, laptop, or PC. Lessees can choose the method of payment for their security deposit, which can be sent to a debit card, directly to the customer’s bank account, or via paper check. When a lessee opts for real-time payment, they can receive security deposit refunds into their bank account within a matter of seconds. In cases where multiple individuals are on a single lease, lessees can digitally collaborate to allocate funds, avoiding the need for back-and-forth phone calls and emails. The quick, seamless process simplifies refund disbursements and enhances customer satisfaction. Disbursements are automatically reconciled in the property management firm’s system of record. And property management firms can white label the disbursements solution with their own branding. SMART Disburse Multi-Party Payments is part of the SMART Suite powered by Transcard. SMART Suite is a unified, cloud native global platform for disbursements, collections, merchant processing, account-to-account (A2A) transactions, and embedded supply chain processing.”