Payac
Payac is a member-owned shared services organization in Ireland that supports Credit Unions in managing modern financial transactions. Committed to enhancing their operational capabilities, Payac offers tailored payment solutions, including current accounts, SEPA payments for seamless cross-border transactions, and efficient cheque clearing services.
Focused on collaboration and community development, Payac strengthens the operational framework of Credit Unions, enabling them to share best practices and work together effectively. This approach enhances individual capabilities and contributes to the sector’s resilience.
By providing innovative payment solutions, Payac helps Credit Unions remain competitive in a challenging financial landscape, meeting the evolving needs of their members and fostering a strong sense of community. In a rapidly changing technological environment, Pay ac plays a vital role in helping Credit Unions adapt and thrive.
- Year Founded: Payac was founded in 2016.
- CEO: The current CEO of Payac is Seamus Newcombe.
- Headquarters: Payac is headquartered in Dublin, Ireland.
Why choose Payac?
1. Comprehensive Payment Solutions: Pay ac offers a range of payment services, including current accounts, SEPA payments, and cheque clearing, which help Credit Unions provide competitive financial services to their members.
2. Community Focus: Payac’s mission is to enhance the business model of Credit Unions through cooperation, collaboration, and community enhancement. This focus ensures that Credit Unions can continue to serve their communities effectively.
3. Innovation and Compliance: it helps Credit Unions stay compliant with regulatory requirements and adopt innovative technologies, ensuring they can navigate the rapidly changing financial landscape.
4. Strengthening the Credit Union Movement: By fostering a spirit of cooperation and mutual support, Pay ac strengthens the entire Credit Union network in Ireland, ensuring that members receive top-tier financial services.
Choosing Pay ac means choosing a partner dedicated to the success and sustainability of Credit Unions, helping them thrive in a competitive financial environment.
How to setup account?
- Visit Your Credit Union: Payac services are offered through participating Credit Unions. Visit your local Credit Union that partners with Payac.
- Complete the Application: Fill out the application form for a current account. You’ll need to provide personal identification and other required documents.
- Submit Documents: Submit the completed application form along with the necessary documents, such as proof of identity and address.
- Account Approval: The Credit Union will review your application. Once approved, you’ll receive your account details.
- Activate Your Account: Follow the instructions provided by your Credit Union to activate your account. This may include setting up online banking and receiving your debit card.
- Start Using Your Account: Once activated, you can start using your Payac current account for day-to-day banking, including making payments, receiving funds, and using your debit card.
