Madison, WI, June 21, 2001:Payment Service Network, Inc. (PSN), a leader in online processing of checks and credit cards for the self-storage and multifamily housing industries, and American Computer Software (ACS), a leading property management software company, are now partnered to provide the first dynamic, user-friendly and fully customizable software interface to provide property managers with a integrated transaction, management, and accounting system.For the first time ever, the partnership gives management companies a one-stop-shop for all their payment, management, and accounting needs. Renters can now make payments online via check or credit card and then have the payment seamlessly and securely transferred from their bank account to the property management or owner’s account. All this while the property owner’s ACS property management software updates simultaneously.

“This alliance allows us to ‘complete the circle’ in providing property owners and management companies with a comprehensive package. After residents make payments, the management company’s account automatically updates, thereby eliminating costly overhead and processing fees. Management companies and property owners will see the immediate benefits a seamless environment like this will create,” says Gregory Rice, CEO of PSN and a real estate developer, owner, and manager.

As the new Internet-savvy generation of renters emerge, online rent payments will quickly become the standard.With the integration of PSN’s online payments and ACS’ property management software, property owners and managers can now accept online payments in a secure environment and automatically credit the payments.“There are no more hassles with NSF notifications, trips to the bank, or data entry errors, and it makes life easier for both renters and managers,” adds Rice.

"American Computer Software is pleased to be able to provide this innovative service to our customers. By partnering with PSN and automating the cash receipt process, we are able to offer yet another timesaving feature into our fourth generation Windows software, MANAGEMENT Plus,'' says Tim Schaefer, President and CEO of American Computer Software. "This partnership further enforces our commitment to deliver on what we promise — state-of-the art software that's easy to use."

PSN is the leader in processing rent payments online for the self-storage and multifamily housing industries. Using cutting-edge technology and security systems, PSN is able to provide residents and customers the ability to pay rent online via check or credit card. This system provides a needed convenience for today’s busy professionals, in addition to cutting processing and clerical costs for business owners. For more information on PSN and how business owners across the nation are saving time and money by accepting payments via the Internet, call 877.390.7368 or visit www.PaymentServicesNetwork.com.

About American Computer Software

American Computer Software, LLC (ACS) is a privately held company with more than 30 years experience in property management and software development. Delivering powerful solutions, which can stand-alone or integrate into the software of various accounting programs.ACS has computerized more than one million units of apartments as well as commercial, manufactured housing, mini-warehouses, student housing, subsidized housing, and much more. Timothy M. Schaefer, president of ACS, has been involved in the property management industry for over three decades. As a past president of the National Apartment Association, he has been instrumental in the property management software industry.For more information on ACS, visit www.acsoftware.com or call 800.527.9449.

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