Capital Bank launches ZRent in partnership with ZSuite Technologies | New
ROCKVILLE, Md., June 21, 2022 (GLOBE NEWSWIRE) — Capital Bank, NA, today announced the addition of ZRent to its already strong portfolio of advanced technology solutions in partnership with ZSuite Technologies, Inc.
ZRent is a digital platform created by ZSuite Technologies, a leading provider of fintech business solutions. A responsive web application that automates the collection of rent and other monthly fees, ZRent simplifies the process for landlords, property managers, and occupiers/tenants.
“We are especially pleased to partner with ZSuite,” says Nikhil Bijlani, Head of Deposits, Products and Operations at Capital Bank, NA, “as we continue to advance our high-tech, high-tech approach to finding tailor-made solutions for our customers. Their ZRent platform aligns perfectly with our mission to simplify banking and the lives of our customers.”
ZSuite Technologies Inc. was started in 2015 by the product development team of a community bank to help landlords and property managers streamline the rent collection process. They officially separated from community banking in August 2019 under the new entity ZSuite Technologies, Inc.
ZRent offers all users a host of benefits, including anywhere, anytime access via desktop, laptop, tablet or mobile device. Rent or HOA payments can be made with a single click through the ZRent website. And payments are received by the owner or property manager faster, as quickly as one business day when deposits are made to a Capital Bank operating account.
Other features include a detailed dashboard from which property and unit details can be viewed, and unique ACH transaction descriptions to save time on accounting and monthly reconciliations. For added convenience, ZRent is free for occupiers and free for landlords with a deposit account at Capital Bank. The landlord or property manager simply invites the occupant to register on the ZRent website.
“Bringing ZSuite products into the Capital Bank family is consistent with our commitment to our community and our customers. We look forward to growing our relationship with ZSuite and offering more of their unique fintech solutions, including ZEscrow, a web-based application for digital commercial escrow and sub-accounting. It’s about giving our customers an extra edge,” says Bijlani.
ABOUT CAPITAL BANK, NA
Capital Bank, NA is the fourth largest bank headquartered in Maryland as of March 31, 2022. Capital Bank has been providing financial services since 1999 and now operates bank branches in five locations in major markets in Washington, D.C., of Northern Virginia and Baltimore, Maryland. . Capital Bank is a wholly owned subsidiary of Capital Bancorp, Inc. which had assets of approximately $2.1 billion as of March 31, 2022. Capital Bancorp common stock trades on the NASDAQ Global Market under the symbol “ CBNK”. More information can be found on the company’s website www.CapitalBankMD.com under its investor relations page.
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