NEW YORK, Nov. 16, 2021 /PRNewswire/ -- CIT Group
Inc. (NYSE: CIT) today announced its Community Association
Banking division has launched a new amenities feature in
C-PropertyPay, a simple, secure payment system that lets residents
and association members pay their dues, rent and other shared
services fees online or via a mobile app.
Available to CIT Community Association Banking clients that use
C-PropertyPay, the amenities feature allows residents to now pay
for additional items such as pool keys, access cards and more in
one system. For HOAs and community association managers, this
capability streamlines the accounting experience, as amenity items
are separate transactions from dues and assessment payments. Funds
are deposited directly into association accounts and reports are
provided for fulfillment.
"We understand the unique needs of community association
managers and their residents and the new amenities feature further
reduces the need for multiple software programs and helps make
payment processes easier," said Alan
DeTata, president of Community Association Banking. "We are
pleased to continue to advance our suite of digital solutions and
the value they deliver for our clients."
CIT's Community Association Banking business is a national
leader in association banking services, including certificates of
deposit, money market accounts, and a variety of digital payments
solutions, supported by the expertise of CIT's Treasury and Payment
Services business.
About CIT
CIT is a leading national bank focused on
empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a
financial holding company with over a century of experience and
operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC,
Equal Housing Lender). The company's commercial banking segment
includes commercial financing, community association banking,
middle market banking, equipment and vendor financing, factoring,
railcar financing, treasury and payments services, and capital
markets and asset management. CIT's consumer banking segment
includes a national direct bank and regional branch network.
Discover more at cit.com/about.
MEDIA RELATIONS:
Donna
Choi
212-461-5731
donna.choi@cit.com
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SOURCE CIT Group Inc.