Payrailz, a digital payments company offering smarter, more engaging and secure payment experiences to banks and credit unions, announced that Suncoast Credit Union, a top 20 credit union at $9.2 billion assets, will now offer its payment services to members.
Through this partnership, Suncoast Credit Union’s 785,000 members will have access to Payrailz’s intelligent and sophisticated payment technology, including consumer and business bill pay, bill negotiation services, P2P and A2A money transfer services.
Suncoast Credit Union has an in-house innovation department dedicated to mobile and online banking development and decided to partner with Payrailz to gain specialized expertise in payments and to help chart its defined roadmap for the future. This decision allows Payrailz’s technology to offer Suncoast members a full range of modernized payments services.
“We prioritize adding value to our members through enhanced services, particularly in ways that simplify their lives by improving their user experience,” said Ted Hassenfelt, CIO at Suncoast Credit Union. “Partnering with Payrailz fits with our digital strategy to provide the best service to our more than 200,000 electronic bill payments each month, and numerous member-to-member and account-to-account transfers.”
“We are so honored that Suncoast Credit Union has selected us as its payments service provider of choice to offer its vast member base a smarter payments experience,” said Fran Duggan, CEO of Payrailz. “Suncoast Credit Union fully embraces the current and future needs of its members, particularly in today’s “do it for me” culture, which prioritizes ease of use and the need for more sophisticated and predictive payment solutions to simplify their daily lives. Through our partnership, Suncoast Credit Union has yet another tool at its disposal to improve its members’ experiences and build on its solid industry reputation as a trusted financial partner.”