News

Payrailz aims to help FIs bring simplicity to digital payments

November 17, 2017

Payrailz, a provider of digital bill payment and money transfer products for banks and credit unions, has officially launched.

The Connecticut-based company aims to help financial institutions succeed by offering a smarter, faster and more engaging payment experience that surpasses other available products, according to a press release.

Payrailz also has announced the addition of 30-year industry veteran Fran Duggan as CEO. Most recently Duggan served as CEO of Innoveera, a payments consulting firm. In 2011, he founded Payveris, a bill payment startup. He also served as a senior executive for 10 years at Webster Bank where he originated and directed the development of online banking and payment applications.

"Payrailz is engineering solutions that address the cultural need for technology to simplify our lives," Duggan said in the release. "Consumers today are growing to expect the same experience of convenience and simplicity from their financial institutions that they demand in all aspects of their lives, whether ordering food to be delivered to their homes or arranging to be driven across town. We are searching for new ways to let technology simplify daily transactions to a mere afterthought for consumers."