RentPayment Successfully Completes SAS 70 Audit
Summary
Companies seeking payment processing should expect this type of third-party review be performed on their service providers internal controls," said Matt Golis, CEO, RentPayment.“We are very pleased to be able to offer this report to our customers.” A SAS 70 audit requires a thorough examination of the design of internal controls and business operations by an independent third-party comprised of Certified Public Accountants.Companies seeking payment processing should expect this type of third-party review be performed on their service providers internal controls," said Matt Golis, CEO, RentPayment.“We are very pleased to be able to offer this report to our customers.”A SAS 70 audit requires a thorough examination of the design of internal controls and business operations by an independent third-party comprised of Certified Public Accountants.RentPayment’s VP of Architecture Jason Chambers comments, “The SAS 70 report is an easy way for customers and prospective customers to know that controls are in place and are being reviewed regularly to safeguard their data.”The audit, performed by the Salt Lake City office of Grant Thornton, was completed as of December 31, 2006, and encompasses the design of RentPayment’s general controls of their data center and managed services as it relates to operational excellence and security.About RentPayment:RentPayment is the largest electronic payments processor in the multifamily industry, serving over 20 of the Top 50 National MultiHousing Council Property Managers (2006 survey).