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NACUSO Marketplace Provider

Organization Name: Payrailz
NACUSO Membership: Standard
Year Formed: 2016
Description of Your Services: Payrailz' and credit union owed CU Railz through Payrailz provides digital payment services (Bill Pay, Account Transfers (A2A), Person to Person (P2P), new account opening, loan payments) that leverage an innovative, smart platform based on AI technology that enables credit unions to create unique digital payment experiences and build valuable digital relationships with both consumers and businesses. Payrailz’ PayWayz smart routing technology and its Action Insight Generator™ make proactive, intelligent, and personalized insights and provide the ability to take action on those insights to build stronger relationships with members and ensure they stay financially healthy.
Services You Provide:
Payments:Bill Payment
Why should a credit union use your services?: Take Control - CU Railz is a new credit union service organization (CUSO) founded to enable credit unions to take control of their future by partnering with Payrailz to collaborate on new, innovative payment technologies and services that will revolutionize the payments experience. The CUSO was specially created to provide credit unions with access to Payrailz' solutions and advantages. Stay Competitive - Credit unions need next-generation products and services to better compete in an ever-changing banking landscape. To succeed in this environment, they must collaborate on a large scale on strategic technology investments and leverage their collective influence – through group buying and/or equity ownership – to ensure that technology solutions meet the needs of today and continue to meet the needs of tomorrow.
Number of Credit Union Customers: 45
Percentage of Users/Customers that are Credit Unions: 80
Are You a CUSO?: Yes
Are there investment opportunities for credit unions?: Yes
Describe Your Business Model:Other (please describe)
Business Model Other: Transaction-driven pricing.
Are you currently seeking additional users/customers?: Yes
Do you offer discounts or other benefits for NACUSO Members?: No
Contact Information:Mickey GoldwasserVP, Marketing & Chief Payrailz
95 Glastonbury Blvd., suite 105
Glastonbury, CT 06033

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