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Payrailz, LLC provides a cloud-native digital payments platform for banks, credit unions, and fintechs.
Founded in 2016 in Glastonbury, US, Payrailz, LLC offers a cloud-native, API-first digital payments platform covering person-to-person payments, account transfers, and digital bill pay. Its clients are community and regional banks, credit unions, fintechs, and businesses mainly in the US and Canada, paying subscription fees and transaction-based charges. CEO Fran Duggan leads the company, which was co-founded by Paul Franko and Rich Pelikan. In August 2022, Jack Henry & Associates, Inc. agreed to acquire it for an undisclosed amount.
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