Jack Henry & Associates said the person-to-person payment platform for its iPay Technologies service has now reached more than one million users.
Of the Monett, Mo.-based company's 11,200 financial institution customers, 2,346 use the P2P service. The P2P solution has processed almost eight million payments since it was introduced under iPay seven years ago, including more than 600,000 during the first quarter of 2011, the company said.
"These exchanges are much more meaningful than their perceived small-scale per transaction amount such as reimbursement for splitting the check at lunch," said Bill Ready, president of iPay Technologies in Elizabethtown, Ky.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
