CIT, a division of First Citizens Bank, announced its Community Association Banking group has been selected as winner of the "Best B2B Payments Platform" award for C-PropertyPay in the sixth annual FinTech Breakthrough Awards program. The recognition was awarded by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.

C-PropertyPay is a simple and secure payment system that enables residents and association members pay their dues, rent and other shared services fees online or via a mobile app. It is part of CIT's C-Suite Digital Solutions – a portfolio of easy-to-use, agile tech products for payment processing, customer information, data management and more.

"We are thrilled by this recognition from FinTech Breakthrough for C-PropertyPay, which creates efficiencies and streamlines multiple payment systems," said Alan DeTata, President of Community Association Banking. "With products and tools like C-PropertyPay, the Community Association Banking team is well-positioned to continue advancing its innovative suite of digital solutions to meet the unique needs of community association managers and their residents."

The C-PropertyPay solution integrates with accounting software through APIs, complies with payment and industry regulations, enables intuitive online and mobile payments and removes the burden of storing sensitive data – all while saving time and reducing credit risk. A new amenities feature in C-PropertyPay continues to transform how association members and residents manage payments. It enables residents and homeowners to pay for additional items such as pool keys, access cards and more in one easy system.

"C-PropertyPay provides residents with a more comprehensive payment system and empowers community association management companies to achieve their business goals," said James Johnson, Managing Director, FinTech Breakthrough. "That makes it our choice for 'Best B2B Payments Platform' for 2022."

CIT's Community Association Banking business is a 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.