ChargeSmart launches new credit card bill payment solution MortgagePress.comChargeSmart, credit card,
ChargeSmart LLC, a provider of online payment solutions to the
financial and mortgage industries, has announced the launch of its
comprehensive Web-based payment service allowing consumers to pay
their mortgage, auto and education loans as well as utility bills
using a major credit card. Having a network of more than 4,000
billers across the United States, ChargeSmart completes
transactions using a secure Internet-based payment system.
ChargeSmart enables individuals with Internet access and a major
credit card to make payments to companies in five different
industries. Customers submit payments directly to ChargeSmart and
indicate the amount they wish to pay and the recipient. The
ChargeSmart system accepts, processes and remits payments
electronically, ensuring every step from the customer to the payee
is accounted for and traceable. The companys easy-to-use interface
enables customers to gain reward points or miles from his or her
"Our offering is perfect for the individual who may experience
an unexpected lifestyle change such as a temporary income
interruption or fluctuation," explained Mitch Friedman, co-founder
of ChargeSmart. "Or for the savvy consumer who wants to earn
rewards for the ease of using his or her credit card for payment.
Our solution's benefits are twofold: billers receive payments on
time, every time, and it is a good financial tool for certain
borrowers to meet payment deadlines and avoid late fees that
negatively impact credit scores."
Mortgage servicers benefit from the service because ChargeSmart
collects more payments on their behalf without increasing their
expenses. Brett McGovern, CEO of Bay Equity LLC, a mortgage lender
based in San Francisco stated, "Over the years, borrowers have
asked me if there is a way to use their credit card to make
mortgage payments. There has never been a cost-effective solution
until now with ChargeSmart."
ChargeSmart simplifies the payment process for consumers facing
important credit obligations. According to the company's market
research, ChargeSmart is ideal for those with interest in
innovative payment methods, and ones who use credit card rewards or
points programs. Some payment options include mortgages, education
loan, utilities and auto loan payments.
"ChargeSmart offers a very convenient way for consumers to pay
their mortgages," Friedman said. "One added benefit to paying by
credit card is the immediate advantage of the 30-day grace period
to pay that credit card bill enabling users to better manage their
cash flow. In talking with interested third parties, we anticipate
this concept to become a widely accepted payment method."
For more information, visit www.chargesmart.com.