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Payall

Payall Payment Systems, Inc.

Solution(s): Digital Qualifying & Boarding, Compliance & Risk Automation, KYT Plus, TreasuryPay, Detect & Prevent, End User Experiences
Website(s): payall.com (Off-site)
Contact: Andrew M McGilton, andrew.mcgilton@payallps.com

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

Payall has developed capabilities that don’t exist in core systems, digital bank platforms, or risk or compliance services, but seamlessly interact with them. These capabilities represent a modular suite of software to help financial institutions safely and efficiently offer the FedNow Service with highly desirable user capabilities. This software includes:

  • A specialty real-time rules engine that uniquely digitizes risk and compliance workflows including a dynamic interface that prompts data, document and artifact collection for users or financial institution staff for fraud prevention, risk management and compliance.
  • White-label UX/UI that will connect via API to a financial institution’s core or digital platform or APIs for a financial institution to develop UX/UIReal-time transaction screening, monitoring and intervention.
  • Protocols to ensure sufficient funds in DDAs as well as internal for financial institution funds movement.
  • New, end-to-end counterparty risk and lifecycle support ideal for Money Services Businesses (MSB), fintechs and other high-volume payers at a financial institution.

Segment type(s)

  • Financial Institution Service Provider

Solution type(s)

  • Core Banking Platforms
  • Digital User Experience (mobile/online interfaces)
  • Digital Wallet Providers
  • Other
  • Pay by Bank
  • Payment Service Providers
  • Payments Hubs/Platforms/Payment Gateways
  • Risk Management and Fraud Services

Use cases/markets served

  • Bill Pay and Presentment
  • Brokerage
  • Construction
  • Digital Wallet Funding/Defunding
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Insurance
  • Merchant
  • Other
  • P2P Payments
  • Payroll
  • Real Estate (e.g., escrow, property management)
  • Transportation

FedNow functionality supported

  • Back Office/Treasury Management Services
  • Connectivity to the FedNow Service via FedLine® Solutions
  • FedNow Profile Management
  • FI Staff-Initiated Transactions
  • Fraud Prevention/Monitoring Service
  • Other
  • Receiving FedNow Transactions
  • Sending FedNow Transactions – Business Accounts
  • Sending FedNow Transactions – Consumer Accounts

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.