Digital Payments Fintech News

Dover Federal Credit Union Launches Real-Time P2P Payments with Payrailz

Dover Federal Credit Union Launches Real-Time P2P Payments with Payrailz

Credit Union and Payrailz Collaborate to Provide Members with a Faster Payments Experience

Payrailz®, a digital payments company offering smarter, more engaging payment experiences to banks and credit unions across the United States, announced that Dover Federal Credit Union will now offer real-time P2P payment services via the Payrailz platform.

.@DoverFCU launches real-time #P2P #payments with @payrailz

With real-time payments as the new standard for sending and receiving money, Dover Federal recognized it needed to find a new partner that understood its needs and could innovate and collaborate to make faster payments a reality. Payrailz shared this vision for the future of payments and brought a combination of clear understanding and proven experience with the latest in payments technology to the table that backed up this vision. By working in tandem with Payrailz, Dover Federal now offers members access to easier, more convenient P2P payments with immediate availability via the Payrailz platform.

Read More: DailyPay Raises $500 Million to Boost On-demand Pay Solutions Market

Dover Federal Credit Union and Payrailz worked hand in hand to create a payment experience that is not only better for members on the front end, but one that works seamlessly on the back end. A project of this caliber took an incredible amount of teamwork and transparency from both companies, but the end result demonstrates what can be accomplished when everyone shares the same vision and passion for taking the payments experience to the next level.

Read More: HSBC Launches Multi-Currency Wallet for Simplified International Payments

“Payrailz continues to be a terrific partner for Dover Federal and continues to create value for our members. As we have worked closely with them over the past few years, it has become apparent that they are a partner, and not a vendor,” said Travis Frey, CIO of Dover Federal Credit Union. “Recently working with their development team on a real time person to person payment option leveraging the Symitar SymXchange API, it has once again proven to us that they dedicated to creating quality work on our existing platforms.”

“We love to work with financial institutions that share our vision for smarter, faster, more engaging payments experiences and Dover Federal has been an incredible credit union to work with,” said Fran Duggan, CEO of Payrailz. “Everyone approached this project with an attitude of teamwork and because of this open collaboration, we were able to deliver on a vision that many credit unions only see as a dream for the distant future. Real-time payments are no longer a nice-to-have, but a must-have and we are so proud to be able to help Dover Federal get ahead of the curve.”

Read More: Xiggit Unveils First-of-a-Kind Solution to Help SMEs Offer “Large Company Benefits” to Full-time, Part-time, Contract or Gig Workers

Related posts

Bankers Cite Credit Risk as the Top Concern in Wolters Kluwer’s Basel IV Survey

Fintech News Desk

Cellulant to Power Payments for ImaliPay’s Drive for Gig Workers’ Financial Inclusion

Fintech News Desk

Esker To Acquire Majority Stake In Market Dojo, Enhancing Its Procure-to-Pay Suite

Fintech News Desk