Newton Property Management selects GoCardless for open banking payments

LONDON, 24 September, 2024 - 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, said: “Newton is committed to modern property management. We want our partners to be as innovative as we are, and when it comes to payments, GoCardless is miles ahead of the competition. 

“Adding Instant Bank Pay to our services was a natural next step. We already saw the benefits from using Direct Debit, with automatic payment collection allowing us to divert the hours we used to spend on payment admin to focusing on our core business. 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.” 

Pat Phelan, Managing Director of UK & Ireland and Chief Customer Officer at GoCardless, said: “Bank payments are perfectly suited to property management. The pull-based nature of Direct Debit means that rent, service charges and other bills are automatically collected from a customer’s bank account on the day they’re due. By adding Instant Bank Pay, companies like Newton can also take one-off payments with the same speedy payment confirmation of cards, without the high price. We’re excited to broaden our relationship with Newton and we look forward to helping them use payments as a key driver for differentiation.”

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.

Notes to Editors

For more information, contact:

press@gocardless.com 

About GoCardless

GoCardless is a global bank payment company. We 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. Our acquisition of Nordigen means we’re also helping businesses make faster and more informed decisions through easy access to bank account data. We are headquartered in the UK, with additional offices in Australia, France, Latvia, the United States and Ireland. For more information, please visit www.gocardless.com and follow us on Twitter @GoCardless. 

© 2024 GoCardless Ltd. All Rights Reserved. GoCardless is a registered trademark of GoCardless Ltd in multiple countries. Third party trademarks mentioned above are owned by their respective companies. Unless explicitly identified as such, nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of GoCardless Ltd. or any aspect of this press release

About Newton Property Management

Newton Property Management are Scotland’s Local Property Management Firm. Newton are committed to helping people love the place they live through ‘The Newton Way’, putting customer service at the heart of everything they do. Their dedicated team of property experts ensure that Newton stay true to their identity as Scotland’s community champion. With Newton, you get the human factor. Real people. Real attention. Real responses. Real care.

Newton are a modern property management company covering all of Scotland. The head office is located in Glasgow, with further offices in Aberdeen and Inverness. Through the recent acquisition of Atholls, Newton continues to expand its presence in Scotland now managing factoring for  37,000 properties and 1,100 developments.

For more information, please visit www.newtonproperty.co.uk and follow us on LinkedIn @NewtonPropertyManagementLtd.

© 2024 Newton Property Management Ltd. All Rights Reserved.