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.
NYMBUS Partners with Payrailz to Offer Financial Institutions Faster Access to Enhanced Digital Payment Solutions
MIAMI -- July 13, 2020 -- NYMBUS®, a provider of the world’s most advanced financial services platform, today announced a new partnership with digital payments company Payrailz® to further enhance NYMBUS’ cloud-based SmartEcosystem™ of digital-first banking products and services.
A revolutionary alternative to the legacy business model, NYMBUS has disrupted the market by allowing every size of financial institution to buy back decades of lost time and get to market almost instantly to engage and support the entire digital customer journey. Similarly, Payrailz was founded to help banks and credit unions succeed by offering a smarter, faster and more engaging payment experience that surpasses the current solutions available in the market. Working in partnership, NYMBUS will offer Payrailz’ digital billing and payment management solutions as part of its integrated ecosystem of offerings to help more institutions urgently reinvent themselves and proactively support consumers’ evolving digital banking needs.
“COVID-19 has accelerated the speed of transformation required for financial institutions to remain relevant,” said Scott Killoh, CEO of NYMBUS. “Our partnership with Payrailz extends to our bank and credit union customers the smartest payment features this market has seen. At a time when contactless payments are on the rise and seamless digital services have never been more necessary, our combined efforts help to quickly better connect and enhance their relationships with consumers and members.”
The NYMBUS SmartLaunch™ Banking-as-a-Service (BaaS) model is an extension of the SmartEcosystem and has gained tremendous momentum for providing the bundled technology, complete operational support, and full-service digital onboarding, marketing and integrated CRM solutions to quickly stand up a fully-outsourced digital subsidiary bank. Together with Payrailz, SmartLaunch banks are now empowered to get-to-market even more instantly in as few as 30 days for consumers to more easily pay bills, pay friends and transfer money digitally.
Payrailz is a forward-thinking payments organization working to propel financial institutions ahead of their competitors by providing faster, intelligent, data-driven digital payment solutions that proactively meet the changing payments needs of both consumers and businesses. By leveraging AI and machine learning, Payrailz provides banks and credit unions with a predictive and proactive payment experience that puts their digital experience ahead of competition.
“Payrailz continues to engineer innovative digital payment experiences that meet the growing demands of a ‘Do it for me’ society and simplify our lives,” said Fran Duggan, CEO of Payrailz. “We are pleased that after an extensive search for a new digital payments partner that the NYMBUS team selected Payrailz. We look forward to working in partnership together to enable more banks and credit unions to bridge the gap in their banking relationships with fast, smart and engaging payment experiences that their customers or members can depend on.”
The NYMBUS SmartEcosystem encompasses a full suite of advanced, digital-first products and services to help transform all aspects of financial institutions. From SmartPlatform™, our technology platform that unifies all required banking functions into a single Cloud-based solution, to SmartLaunch, our full-service and outsourced standalone digital bank alternative, NYMBUS enables on-demand transformation to rapidly stand up customized and competitive digital banking experiences.
Payrailz is a digital payments company offering advanced payment capabilities and experiences including consumer and business bill pay, external and internal transfers, new account funding, P2P, B2B, B2C and other related solutions to banks and credit unions. In a society that increasingly has become focused on a “Do it for me” culture, Payrailz’ smart technology makes the difference. Payrailz creates faster and smarter payment experiences for the financial services industry that are predictive and more engaging than currently available alternatives. Financial institutions can confidently embrace Payrailz’ API-first and cloud-native technology engine, to offer unique payment solutions to their consumers and businesses. Payrailz helps financial institutions meet the payment expectations of today and the payment innovation needs of tomorrow. For more information, visit payrailz.com, follow them on Twitter @Payrailz, Facebook or LinkedIn.
Download press release below or read at: "Joint Payrailz®, Credit Union CUSO, CU Railz®, Builds Momentum, Growing to 13 Members, Raises $15M"