BURLINGTON, Mass.–(BUSINESS WIRE)–Patriot Bank has partnered with ZSuite Technologies, a financial technology company offering digital tools that helps businesses and individuals automate collection of recurring payments and manage security deposits, to increase low-cost, core deposits and leverage digital channels. Through this partnership, Patriot Bank has become the first financial institution in Connecticut to expand its reach and digital footprint by offering ZRent and ZDeposit.
After the onset of the pandemic, many property managers and landlords struggled to meet in-person demands of depositing checks and managing tenant relationships. In addition, landlords often encounter issues with rent payments, such as invalid or bounced checks. To overcome these obstacles, Patriot Bank partnered with ZSuite Technologies to offer paperless technology that allows its account holders to remotely manage rent collection and…