Today Jack Henry and Associates announced that they have connected 90+ financial institutions to their real-time payment network and Zelle.
Jack Henry & Associates, Inc, a leading provider of technology solutions and payment processing services primarily for the financial services industry, has confirmed that its faster payments hub, JHA PayCenterTM, is home to 93 financial institutions. More than 170 banks and credit unions are contracted in total to leverage JHA PayCenter to connect to the RTP® network of The Clearing House and/or Zelle Network® of Early Warning Services. The clients of Jack Henry represent most of the financial institutions currently living on the RTP network.
JHA PayCenter is a proprietary payment hub that connects to future real-time payment networks, including FedNow, and provides seamless connections to the RTP and Zelle networks. It allows for near-real-time payments to be sent and received through all the core and digital solutions of Jack Henry. It also supports core, mobile, and online solutions from third parties.
Financial institutions such as the City National Bank of West Virginia, which last year went live with Banno MobileTM, can now transact real-time payments seamlessly with JHA PayCenter. “Jack Henry empowers us to provide a great digital user experience that includes sending and receiving real-time Zelle payments within our app – something our customers want. The integration was seamless, and our customer feedback has been great. During these uncertain times, we are glad to decrease the friction in our customers’ everyday financial experiences.”Jack Henry allows us to provide a great digital user experience that includes sending and receiving Zelle payments in real time within our app, something our customers want. The integration was seamless, and our customer feedback was great. We are happy to decrease during these uncertain times.
Real-time payments continues to be an area of growth and interest. With the Federal Reserve looking to roll out FedNow in 2023 organizations are building confidence in the interopolibity of the new payment rail. As the new rail continues to mature organizations are also looking to create standards to make real-time payments even more accessible to those looking to utilize the new payment rail. As real-time payments continues to grow in the United States other parts of the globe like Brazil are also looking to implement the new rail in their payment system.