Business
Zonetail Signs a Major Agreement with Fortis, and Will Soon Generate Revenue from People Paying Their Monthly Rent
Toronto, Ontario--(Newsfile Corp. - July 19, 2022) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF)...
About this update from Zonetail, Inc.
[{"type":"text","content":"Zonetail Signs a Major Agreement with Fortis, and Will Soon Generate Revenue from People Paying Their Monthly RentToronto, Ontario--(Newsfile Corp. - July 19, 2022) - Zonetail Inc. (TSXV: ZONE) (OTCQB: ZTLLF) (\"Zonetail\" or the \"Company\") announces it has signed its most significant partnership agreement in the past year, with Fortis, a leading payment processing and technology company that operates across the U.S. and Canada. Zonetail's mobile platforms are designed for high-rise residential buildings, as well as property-managed townhouses and gated communities. The platforms connect the residents to the amenities and services of their building through the convenience of a mobile application.Using the Zonetail platforms, residents can access the building's community news and activity feeds, community calendar, document libraries, and book building amenities, such as visitor parking or the elevator. In addition, residents can create and track maintenance requests, and receive important push notifications from property management. The Zonetail platforms digitize the entire communication process between property management companies and their residents.Included on the platforms is a marketplace, highlighting the businesses and services in the local area that residents need and want. These businesses pay Zonetail a transactional fee for products and services purchased through the Company's platforms. Zonetail is live in over 110,000 households across North America, and is currently onboarding an additional 20,000 units, with over 500,000 new apartment and condo units in its immediate pipeline.Over the past twelve months, as Zonetail has been executing its rollout, the Company has received several requests from its existing property management clients, (as well as several prospective clients in its pipeline), to introduce payment processing into its platforms. Payment processing allows residents to pay their monthly rent or monthly maintenance dues right through its mobile applications, at the tap of a screen. To do so, Zonetail needed a payment processing partner, and the Company is pleased to announce that it has found one in Fortis.Fortis' proprietary payments platform is designed to support and strengthen the commerce capabilities of any software platform. From enabling commerce to creating seamless exchanges and transactio...