PRESS RELEASE: Ascent Processing Inc. Launches Game-Changing Vacation Loan Product – ASCENTpay powered by Uplift.

Vacation Rental industry veteran, Ascent Processing Inc., brings guest vacation loan product to the short-term rental industry.

BOULDER, Colorado – Feb 19, 2019       Ascent Processing Inc., the 22-year leader in vacation rental/lodging payment processing in North America, today announced the official release of their consumer travel loan product called ASCENTpay powered by Uplift.  The company, which prides itself on being the originator of vacation rental specific payment processing, has partnered with Uplift, the provider of short-term travel financing software, to develop ASCENTpay powered by Uplift, a cost-effective financing product specifically tailored for the short-term vacation rental market.

“We are thrilled to have partnered with Uplift to bring this innovative payment option to the vacation rental industry”, says Vice President, Business Development & Partner Programs, Dawn Yeskulsky. “Our expertise in the VR payments industry, coupled with Uplift’s technology, has allowed us to create a game-changing payment alternative that solves a multitude of issues for property managers and lodging providers, while providing a new payment option to guests. Instant financing is a widely accepted payment alternative in the retail and ecommerce markets. We worked behind the scenes for months talking with Property Managers to find out what they wanted and needed in a product like this.  What we discovered was for instant financing to work for Ascent, we needed to create a solution that would remove liability for chargebacks and fraud from our property managers, while significantly increasing both direct bookings and revenue, which we are able to do by partnering with Uplift.  The fact that we pay our property managers 100% of the full amount of the total reservation immediately at the time of the booking, that is just an added bonus.”

The company will be revealing ASCENTpay powered by Uplift to the industry at the VRMIntel Women’s Summit tomorrow, Wednesday, Feb 20th at 10:15am CST in New Orleans, LA. Dawn Yeskulsky adds “Being a women-owned company, we believed the VR Women’s Summit was the perfect venue to announce ASCENTpay powered by Uplift, a product designed by women.” The presentation will also be livestreamed via the VRMIntel Facebook page https://www.facebook.com/VRMIntel/ starting at 10:15 a.m. CST.

“Ascent is a leader in payment processing for lodging and rentals, and our partnership will provide an immediate positive impact for the company’s property managers throughout North America,” said Tom Botts, Chief Commercial Officer at Uplift. “We’re thrilled to deliver instant financing within Ascent’s own offering, which enables the company to increase their value to their property managers within a seamless customer experience.”

Ascent Processing Inc. will add ASCENTpay powered by Uplift to its established merchant service offerings. “The response from our industry partners has been nothing short of amazing. We are very excited to have already contracted with many of the VR industry tech companies, such as Bizcore, ICND, RealVoice, BlueTent Marketing, and Janiis, that will be offering the service to their clients, with more partners being added weekly.”

To learn more about the product or inquire about a partnership feel free to visit www.ascent-pay.com.