GLASTONBURY, Conn.--(BUSINESS WIRE)--Payrailz, a digital payments company offering advanced bill payment and money transfer solutions to banks and credit unions, announced as part of the company’s commitment to offering the most modern payment technology the introduction of Orlando Santos as its vice president of product.
Santos is responsible for developing and implementing intelligent, smarter banking and payments products for financial institutions that will essentially turn payments into an afterthought for consumers. With more than 30 years of banking experience, ranging from bank and commercial operations to cash management and delivery of enterprise processing and technology-based solutions, Santos’ focus will be around developing superior payment products that will disrupt the market and make innovative leaps in the payments industry.
Santos joins Payrailz from Webster Bank’s Treasury and Payment Solutions group where he managed the bank’s ACH, electronic bill presentment and payment and mobile banking solutions. He also led Webster’s strategic initiatives in developing digital banking applications and marketing programs and also had overall responsibility for the consumer and small business digital user experience and payments initiatives. Prior to his tenure at Webster, he held roles in operations, business analysis and cash management product strategy at Bank of America. Additionally, Santos was on several payments industry workgroups and currently serves on the NACHA Consumer Payments Advisory Committee and is also a member of ASIG (API Standardization Industry Group) driving open banking, APIs and ISO 20022 in the US.
“I am delighted to be a part of the Payrailz team and share my experience developing payment solutions for financial institutions to the market in a meaningful way,” Santos said. “Payrailz’s mission is to address a serious discrepancy between consumers’ and business’ expectations around the payment experience and the technology available to transform this industry, and I look forward to bridging that gap.”
Payrailz’s forward thinking solutions address the industry’s outdated approach to payments technology by offering a modern technology that automates tasks for users while bridging the gap between tech-savvy consumers’ and business’ expectations and the traditional approach to payments through digital channels.
“Orlando brings years of strategic experience developing quality payment solutions to the industry, and he will help fulfill our goal of creating advanced ‘do it for me’ solutions that completely automate tasks for users,” said Fran Duggan, CEO of Payrailz. “He truly understands our mission to create payment technology that will completely reinvent the industry through intelligent design.”
Payrailz is a digital payments company offering advanced bill payment and money transfer solutions to banks and credit unions. In a society that increasingly has become focused on a “do it for me” culture, Payrailz’s smart technology makes the difference. Payrailz creates smarter payment experiences for the financial services industry that are predictive and more engaging than currently available alternatives. Financial institutions can confidently embrace Payrailz’s cloud based technology engine, including AI, dynamic workflow, open data exchange, and a robust SDK to offer unique payment solutions to their customers. Payrailz helps FIs meet the payment expectations of today and the payment innovation needs of tomorrow. For more information, visit www.payrailz.com, follow them on Twitter @payrailz, Facebook or LinkedIn, or contact Mickey Goldwasser at 860.430.9245.