Digital payments solutions provider to banks and credit unions Payrailz has agreed to join forces with Transactis.

The partnership will see the integration of Transactis’ electronic bill presentment and payment solution, BillerIQ, with Payrailz smart payments hub PayWayz.

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The move will enable the customers of Payrailz’ bank and credit union clients view and make payments for credit card bills, loan instalments and mortgages.

With this partnership, Payrailz seeks to streamline payment processes and simplify receivables management.

Payrailz CEO Fran Duggan said: “Collaboration is key when it comes to helping banks and credit unions more effectively compete and better serve their customers and members.

“At Payrailz, we are all about creating a comprehensive payments experience, and we’re excited to work with Transactis to provide financial institutions with the ease of receiving payments and servicing their customers and members through a single digital platform.”

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Transactis CEO Joe Proto said: “We are excited to integrate with Payrailz to deliver next generation Electronic Bill Payment and Presentment solutions to their clients.

“We continue to expand our reach and accelerate the growth of our bill payment solutions through partnerships. It’s great to collaborate with game changing organizations such as Payrailz, a business which was built around the central mission of making the payments experience smarter and more engaging.”

Transactis is a Mastercard company and focuses on the development of bill payment solutions.