Newton Property Management has expanded its existing relationship with bank payment company GoCardless by adding Instant Bank Pay, its open banking-powered payment feature, to the Direct Debit functionality it uses already.
Through GoCardless’ unique combination of Direct Debit and open banking payments, Newton can now collect “both recurring and one-off payments within the same platform.”
This will help to reduce manual admin, “save time and cut costs by avoiding the high fees associated with cards.”
Customers will benefit from a more “seamless experience, with a single self-service portal to make regular and ad hoc payments for property management.”
They will also gain greater control over their finances “through a new functionality to choose their Direct Debit payment dates.”
Vincent Goldie, CEO at Newton Property Management, described GoCardless as miles ahead of the competition.
“By launching Instant Bank Pay, we now have the convenience of managing one-off and recurring payments in one platform, not to mention the savings we’ll realise by swapping cards for bank payments.”
Newton uses GoCardless through CPL Software, the platform for property and block managers.
This announcement is the latest milestone for the two companies. Newton, which serves 35,000 customers “across 1,200 sites, recently acquired chartered surveyor Atholls, accelerating its growth by expanding its presence in Aberdeen.”
Last month GoCardless completed its acquisition of Nuapay “which will fast-track the rollout of new capabilities that will enable merchants to send as well as collect money through GoCardless, adding the potential for property managers to pay contractors.”
GoCardless is a global bank payment company.
They claim to help “nearly 100,000 businesses, from start-ups to household names, collect both recurring and one-off payments, without the chasing, stress or expensive fees.”
Each year GoCardless processes “more than US$35 billion of payments across 30+ countries.”
Their acquisition of Nordigen means they’re also “helping businesses make faster and more informed decisions through easy access to bank account data.”
They are headquartered in the UK, with “additional offices in Australia, France, Latvia, the United States and Ireland.”