Revo Payments, an electronic-payments financial technology company, announced a beta launch of its PAAGO Facebook Applications, which will allow property managers, schools, nonprofits, and businesses to accept payments inside Facebook.

The Revo Payment Platform, delivered online, can be deployed by financial institutions and community banks as a service for commercial clients, or deployed directly by enterprise customers.

Through a combination of vertically customized software and innovative payment processes, the company claims to:

•    Reduce cost of handling payments.

•    Accelerate cash flow.

•    Enhance the payment experience for customers.

•    Store payment records electronically.

•    Integrate payments with current software.

•    Ensure PCI security compliance.

•    Offer an integrated payment hub and electronic lockbox.

Revo offers payment solutions for the following industries: real estate, academia, giving, B2B, and retail. Its software and service enables online rent payments, home owners association dues payments, online donations, online tuition payments, online B2B vendor payments, retail gateway point of sale systems, and other paper-to-digital solutions.

Commercial bankers can use this software to attract and retain new bank business, as well as generate new fee income, the company said.

The software is delivered as a hosted bank service and integrates all payment types and services including check conversion, credit card processing, electronic checks, recurring ACH, and other forms of electronic payments, on a centralized platform (or electronic lockbox). The result is an integrated solution that supports online payments, phone payments, face-to-face payments, and lockbox payment files.

http://www.revopayments.com/