Jack Henry and Associates, a provider of information processing solutions for community banks, has selected iPay, a provider of internet bill payment services, for efficient management of electronic payments.
According to the agreement, iPay Technologies will provide the gateway that delivers the electronic payments generated by NetTeller PowerPay, Jack Henry’s electronic bill payment solution. iPay’s transaction routing technology will optimize the delivery of the millions of electronic payments generated each year by Jack Henry’s core clients.
Pete Hopkins, general manager of internet solutions at Jack Henry & Associates, said: Electronic bill payment is a strategic offering for financial institutions and we have made a significant commitment to provide contemporary e-payment solutions. We believe iPay’s electronic payments gateway will further enhance our PowerPay solution. We also expect to offer non-core clients, like the financial institutions added through our AudioTel acquisition, a proven and flexible electronic bill pay solution that will be compatible with virtually any core and internet banking platform.