Jack Henry & Associates (Monnett, Mo.), a provider of technology solutions and payment processing services for financial services organizations, and MasterCard Worldwide today announced an expanded processing relationship between Jack Henry's iPay Technologies division and MasterCard's RPPS electronic bill payment network.
With this agreement, iPay is making its biller connections available to bill payment originators who use MasterCard's RPPS electronic bill payment processing services. Aaccording to iPay, this will allow originators to eliminate a significant volume of checks that they currently mail to those billers and replace them with electronic payments.
The processing relationship between iPay and RPPS will enable more than 1,500 local and regional billers in verticals spanning utilities, consumer lending, telecommunications and municipalities to now receive consumer bill payments electronically through the MasterCard RPPS network, according to iPay.