CUB News






Payrailz Announces SunTrust as Investor

Glastonbury, Conn., November 5, 2018 - Payrailz , a digital payments company offering smarter, more engaging and secure payment experiences to banks and credit unions, announced that  SunTrust Banks, Inc. , has joined Payrailz's growing group of investors.
 
"The backing of an industry leading and innovative bank such as SunTrust is evidence that the market is ready to embrace a smarter and more engaging payments solution," said Fran Duggan, CEO of Payrailz. "We are excited to have SunTrust join our investor group to help us transform the digital banking experience from within the industry."
 
SunTrust joins Payrailz's existing financial industry investors, which include First Data, Live Oak Ventures, Woodforest National Bank, Webster Bank and TTV Capital. This group of investors is committed to supporting Payrailz's product innovation vision to create smarter "do it for me" payment experiences that leverage the latest advancements in payments technology such as AI, open APIs and a cloud-based infrastructure. These thought-leading organizations are comprised of innovative, early adopters who are embracing industry change and will be key advisors to Payrailz's efforts.
 
Payrailz's solutions offer a smarter payments experience that automates tasks for users. Beyond typical payment companies, the company's technology bridges the gap between tech-enabled consumers' expectations and the traditional approach to payments through digital channels. Payrailz's approach to payments provides consumers with an unmatched and more engaging experience compared to what is available in the marketplace today.


 
About Payrailz
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.