Consumers and businesses gain faster, secure payment options integrated into digital banking experiences
JHA PayCenter provides a quicker, more cost effective, more efficient conduit to the faster payments' networks. The proprietary hub also enables financial institutions to accelerate time to market with proven faster payment solutions that expedite funds availability, improve cash flow, and ultimately improve the financial health of consumers and businesses. Since launching in 2018, JHA PayCenter has already processed more than
- More than 170 Jack Henry clients are live on the RTP network, representing over
$800 millionin processed transactions, with approximately 60 more scheduled for implementation. RTP Send capabilities were recently added, allowing financial institutions to support accountholders with the ability to seamlessly request payments.
- Financial institutions are expected to process over
$3 billionvia the Zelle Network® by the end of 2022. Jack Henry is supporting over 200 clients live with Zelle® with another 134 in various stages of the implementation process. Third-party digital platform providers can also take advantage of JHA PayCenter's seamless integration with the faster payment networks.
- Jack Henry is also working closely with the
Federal Reserve'sFedNowSM team on the network's development and will participate in the depository integration test environment.
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Jack Henry (NASDAQ: JKHY) is a leading SaaS provider primarily for the financial services industry. We are a S&P 500 company that serves more than 8,000 clients nationwide and goes to market through three distinct brands: Jack Henry Banking® provides innovative solutions to community and regional banks; Symitar® provides industry-leading solutions to credit unions of all sizes; and ProfitStars® offers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. With a heritage that has been dedicated to openness, partnership, and user centricity for more than 45 years, we are well-positioned as a driving market force in cloud-based digital solutions and payment processing services. We empower our clients and consumers with the human-centered, tech-forward, and insights-driven solutions that will get them where they want to go. Are you future ready? Additional information is available at https://www.jackhenry.com/pages/default.aspx.
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Analyst Contact: Vance Sherard, CFA, Sr. Director - Corporate Development & Investor Relations, (417) 235-6652, or Press Contact: Mark Folk, Sr. Manager Corporate Comm, (704) 890-5323