PAYAC SERVICES COMPANY LIMITED BY GUARANTEE

Payac Services Company Limited by Guarantee is a member‑owned shared‑services organisation dedicated to modernising the way Irish credit unions handle payments. By partnering with market leaders, Payac delivers a full suite of world‑class payment solutions that help credit unions enhance their business model while staying true to the cooperative ethos of community and collaboration.

The company’s flagship offerings include the first credit‑union current account and debit card on the Irish market, alongside SEPA Pay services that can save members up to €40,000 a year. Implementation is swift – credit unions can go live in just eight weeks with flexible, no‑up‑front‑cost arrangements and seamless integration into existing IT platforms. In addition to payment processing, Payac provides a comprehensive support package covering regulatory assistance, staff training, marketing, analytics, call‑centre operations, reconciliation, fraud and disputed‑transaction management, and vendor oversight.

Tailored specifically for credit unions, Payac’s competitive, transparent pricing and centralised support enable smaller financial co‑operatives to benefit from the scale and efficiency traditionally reserved for larger institutions, reinforcing the sector’s commitment to community‑focused banking.