The standard exchange process was manual and created a lot of opportunity for fraud. We felt there had to be a better way.
We started PayRecs to simplify the unnecessarily complicated process of sending an international payment. By delivering our platform through the financial institutions people trust, PayRecs delivers the best of both fintech and traditional banking.
After spending years advising large companies like Fifth Third Bank and Wells Fargo how to best manage currency risk and move money globally, Jon knew there had to be a better way. Jon’s industry experience provided insights into the challenges customers and their financial institutions face in delivering international payment services.
To tackle the outdated processes and legacy systems it took someone from outside the banking system to work with Jon and bring a fresh perspective; Steve, Jon’s college roommate and an experienced tech veteran whose most famous question is “why”, made a natural choice. Together, Jon and Steve have worked within the financial system to streamline the processes and improve the systems necessary to deliver a superior customer experience.
They’ve worked to form industry partnerships with financial institutions and vendors alike to help create the most impactful platform possible.
Today PayRecs serves businesses and individuals by partnering with their financial institutions to deliver financial innovation alongside the safety and security of the banks they trust. Our co-founders believe that technology offers us the opportunity to deliver more powerful solutions and when delivered in partnership with financial institutions we can reach a new frontier of usability, transparency and security.
Our clients consistently ask us why things haven’t always been this easy.
We value a clean and uncomplicated approach to our process. This ideal is critical to us from our product design to our customer communications.
We value your trust. We maintain that trust by showing you all the information from your transactions in easy-to-find documents and by being upfront about the fees you pay.
We consider our task complete when we have not only streamlined operations for your bank or business, but have made you more competitive in your market.
At our core, we don’t simply stand by and wait for better to come. We work everyday to bring you solutions that lead you to the next best place.
Do you like to pay more in transaction fees, and navigate hard to use manual processes that are easily erroneous or insecure?
