Marvin (Mickey) S. Goldwasser
95 Glastonbury Blvd., Suite 105
Glastonbury, CT 06033
Payrailz offers smart and engaging payment experiences for the financial services industry. Our company was built around the central mission of making payments and money movement smarter and more engaging.
We enable financial institutions to better meet the expectations of their users by offering a payment solution with a “do it for you” approach that keeps users well informed and in control. Our personalized, responsive service ensures we provide support when you need assistance.
Payrailz helps financial institutions exceed expectations by offering solutions users expect today while constantly innovating to meet needs of the future.
Smart Pay is a new generation of electronic bill presentment and payment with all the features you’ve grown to expect from a bill-pay solution plus the ability to interact conversationally with digital assistants and messaging bots. Our AI-driven capabilities alleviate the stress of making payments by delivering insights about your bills and payment accounts.
Our forward-thinking electronic bill presentment and payment experience offers the beautiful design, ease of use and security needed to engage customers. View your billing information and pay anyone with a choice of delivery times – emergency/immediate, same day, next day, future date, recurring schedule or simply “set it and forget it” with our auto-pay capabilities – and payment methods.
Person Pay (P2P)
Person Pay enables frictionless digital payment experiences between consumers. It provides the freedom to send, request and split money electronically with friends, family or any individual with an account at a financial institution in the United States – simply by providing their email address or mobile phone number. Payments can be delivered in real time, same day, next day, or on a future date.
External Transfers (A2A)
Responding to consumer expectations requires being able to facilitate transactions across any banking relationship. This service lets consumers transfer money between accounts at your financial institution and accounts they hold at other financial institutions in the United States. With our advanced authentication solutions, you can rest assured that transfers are delivered accurately and securely. Transfers can be delivered in real time, same day, next day, on a future date or a recurring schedule.
New Account Funding
With our advanced authentication and account funding solutions, you can rest assured that new account opening deposits are delivered accurately and securely so you can reduce your operating costs and lower abandonment rates.
Business Smart Pay
Business Smart Pay is a new generation of electronic bill and invoice presentment and payment with all the features you’ve grown to expect from a business bill pay solution plus the ability to interact conversationally with digital assistants and messaging bots. Our AI-driven capabilities can improve your cash flow and deliver insights about your invoices and payment accounts.
Business Bill Pay
Businesses need smarter payment solutions that allow them to spend less time on their finances and more time on their business. Payrailz Business Bill Pay’s intuitive design makes interactions for bill and invoice presentment and payment simple and engaging. Businesses can establish user entitlements, view their billing information, make one-time, future-dated, recurring and automatic payments, as well as invoice payments to their business partners – or anyone they need to pay.
Customer Pay (Disbursements)
Customer Pay enables frictionless digital payment experiences between your business clients and their customers. It provides them the ability to disburse payments electronically to their customers holding accounts at financial institutions in the United States – simply by providing an email address or mobile phone number. Payments can be delivered in real time, same day, next day, or on a future date.
External Transfers (A2A)
Responding to your business clients’ expectations requires being able to facilitate transactions across any banking relationship. This service enables your businesses to move money between accounts at your financial institution and accounts they hold at other financial institutions in the United States. Transfers can be delivered in real time, same day, next day, on a future date or recurring schedule.
New Account Funding (A2A)
Make getting started with your financial institution as easy as possible with solutions like New Account Funding, which allows businesses to fund newly opened deposit accounts from checking and savings accounts they hold at other financial institutions in the United States. With our advanced authentication solutions, you can rest assured that transfers are delivered accurately and securely.
Payrailz and Billshark Team to Save Financial Institutions’ Customers and Members Money by Reducing their Monthly Bills
– Bill Negotiation Service Provides Convenience and Added Value for FI consumers –
Glastonbury, Conn., June 20, 2018 – Payrailz, a digital payments company offering smarter more engaging and secure bill payment and money transfer experiences to banks and credit unions, announced a partnership with Billshark, the industry-leading bill reduction service.
Through this partnership, Payrailz’s payment technology will leverage Billshark’s platform to provide bill negotiation, subscription cancellation and curated shopping services enabling banks and credit unions a powerful means to reduce monthly bills for consumers and small businesses.
According to Billshark, approximately 80 percent of consumers are being overcharged for their wireless, internet, home security and telecommunications services, while over 90 percent of consumers pay monthly fees for unwanted subscription services. Through this partnership with Billshark, Payrailz offers financial institutions the ability to add value to their customers and members by reducing their monthly bills, while transforming the entire payment and money transfer process.
Payrailz was founded to meet the growing demand to rethink and automate the payments process in the industry today. This includes a focus on helping financial institutions to add value continually to the overall payments experience. Partnering with Billshark further delivers on this promise.
Through negotiations and cancellations, Billshark helps consumers pay less for recurring bills including wireless phone services, internet, paid TV subscriptions and home security. Billshark has an average success rate of 85 percent when negotiating bills and a 99 percent success rate when cancelling unwanted subscriptions on behalf of consumers.
“Payrailz is engineering solutions to address the needs of an emerging ‘Do it for me’ culture by reinventing the payments experience. Our relationship with Billshark does this and is designed to help financial institutions increase their value to consumers in a unique way,” said Fran Duggan, CEO of Payrailz. “We are continually searching for new ways to add value and reduce friction in the payment experience for consumers. By building bill negotiation into the payment process, banks and credit unions have yet another tool at their disposal to improve their user experience, all while reinforcing their reputations as trusted financial partners.”
“Billshark is excited to partner with Payrailz to bring our convenient, no-hassle approach to lowering monthly bills to their growing network of bank and credit union clients. Our team of expert negotiators will make sure consumers never overpay again,” said Steve McKean, co-founder of Billshark. “We look forward to helping Payrailz deliver on their vision of reinventing the way the banking and financial services industry approaches the payment experience.”
Billshark is an industry-leading bill reduction service that empowers consumers and businesses to save time and money by leveling the playing field with service providers. Through negotiations and cancellations, Billshark helps consumers pay less for recurring bills such as wireless, internet, TV and home security. Billshark has saved consumers more than $10 million since its 2015 launch and completed nearly 60,000 negotiations. For more information, visit www.billshark.com or contact Media Contact: Victoria Assa at firstname.lastname@example.org.
Payrailz is a digital payments company offering advanced bill payment and money transfer solutions to banks and credit unions. In a society that increasingly has become focused on a “do it for me” culture, Payrailz’s smart technology makes the difference. Payrailz creates smarter payment experiences for the financial services industry that are predictive and more engaging than currently available alternatives. Financial institutions can confidently embrace Payrailz’s cloud based technology engine, including AI, dynamic workflow, open data exchange, and a robust SDK to offer unique payment solutions to their customers. Payrailz helps financial institutions meet the payment expectations of today and the payment innovation needs of tomorrow. For more information, visit www.payrailz.com, follow them on Twitter @Payrailz, Facebook or LinkedIn, or contact Mickey Goldwasser at 860.430.9245.