Payrailz, a digital payments company, has been selected by Purdue Federal Credit Union for payments services.
Purdue Federal is also joining Payrailz’ credit union service organization (CUSO), CU Railz, as an investor.
Based in West Lafayette, Ind., Purdue Federal will use Payrailz digital payments solutions to assist its members, many of whom are students, alumni, faculty or staff of Purdue University, with the most innovative digital banking tools.
Payrailz will provide bill pay and person to person (P2P) payment services, with plans to add account to account (A2A) payments in the future. Payrailz’ smart payment platform, PayWayz, will help Purdue Federal create an engaging payment experience for members.