Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares (NASDAQ: LOB), is reporting that it made a $28 million gain on its exit of Payrailz which wsa purchased by Jack Henry & Associates – a banking tech provider. Payrailz is a digital payments… Read More
Read more in: Fintech | Tagged jack henry, payments, payrailz, stephanie mann
Jack Henry & Associates, Inc. (Nasdaq: JKHY) announced that it has entered into a definitive agreement to acquire Payrailz, “adding the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry’s payments ecosystem.” Based in Glastonbury, Conn., Payrailz provides cloud-native, API-first, AI-enabled… Read More
Read more in: Fintech | Tagged acquisition, digital payments, financial services, fran duggan, jack henry, jack henry & associates, payrailz, person-to-person payments, real-time payments
Zelle is a peer-to-peer payments service that is now utilized by over 1000 banking apps across the US. As services like Venmo gained in popularity, traditional banks were compelled to compete and Zelle has emerged as a viable alternative for real-time transfers. Originally founded by… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Fintech, Opinion | Tagged alloy labs, banking, bitcoin, chuck, early warning services, fran duggan, julie thurlow, nydig, payrailz, perspective, venmo, zelle
NYMBUS, a core banking modernization firm, has teamed up with digital payments company Payrailz in order to enhance its cloud-powered “Smart Ecosystem” of digital-first banking products and services. NYMBUS aims to serve as an effective alternative to the legacy business model. The company plans to… Read More
Read more in: Fintech | Tagged ai, artificial intelligence, cloud, digital banking, fran duggan, machine learning, nymbus, online banking, payrailz, united states, us, virtual banking
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