Payac Services Company Limited by Guarantee (“Payac”) Payac is a company established by Credit Unions (“CUs”) to provide current accounts, debit cards and related services to credit union members. The company assists CUs in obtaining regulatory approval and developing, implementing and providing ongoing support for payment account services. This includes setting policies, procedures, operating standards and negotiating third-party services and outsourcing arrangements on behalf of participating CUs.
Payac was registered on the 29th February 2016. Payac is owned and managed directly by Credit Unions and membership is open to all Credit Unions.