NEW YORK, Sept. 29, 2020 /PRNewswire/ -- CIT Group
Inc. (NYSE: CIT) today announced the launch of a new commercial
online banking platform, designed to maximize efficiency and
agility for Community Association Banking customers. With new and
enhanced features, the platform offers a robust suite of digital
tools.
"We're pleased to introduce this new solution and enable our
property management companies to more easily manage their financial
needs and the demands of their customers," said Jim Gifas, head of
CIT's Treasury and Payment Services unit. "As businesses navigate a
more dynamic and digitized environment, our new platform empowers
them to stay agile and efficient in managing their operations and
focusing on growth."
The new platform delivers a wide variety of integrated payment
and receivable capabilities in order to efficiently digitize and
seamlessly integrate functions such as remote deposit capture, ACH,
wires and other payments. Key features also provide enhanced
integration with other products—customers can sync transactions
with QuickBooks® or extend the value of their existing accounting
software through API connection. Additionally, security features
such as automated fraud detection and alert options for fraud
attempts help reduce risk.
"We're committed to delivering customized, efficient services
that ensure a more streamlined banking experience," said
Alan DeTata, president of Community
Association Banking for CIT. "To that end, we'll continue to
enhance the platform to respond to customer needs and evolving
technology."
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 www.cit.com/about.
MEDIA
RELATIONS:
Susan Fitzpatrick
(212) 461-7806
Susan.Fitzpatrick@cit.com
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SOURCE CIT Group Inc.