July 25, 2013

ProfitStars has introduced two new products to its iPaySolutions suite, according to a statement released yesterday by the financial services technology provider. The first, iPay OneClick, supports single or reoccurring payments with other web banking providers, and the second, Andiamo, provides a single view of aggregated data from multiple financial institutions in a mobile application.

iPay OneClick has 50 new modifications to the bill pay solution. The new additions aim to improve the solution’s user experience, and simplify its enrollment process, payments settings, alerts and notification. Its payment options will now include the ability for customers to pay bills from multiple accounts, send expedited payments and make person-to-person e-payments.

[See Related: Does Bill Pay Really Work For Businesses and Their Banks?]

Andiamo aggregates balance and transactional account data from different financial institutes for a single view in a mobile banking app, allowing customers to see all of their financial information on the go. Customers can also use the app to locate branches and ATMs. The application does not have to be integrated into a bank’s core system to be released, ProfitStars said in the statement.

The data from different institutions that Andiamo provides is aggregated through ProfitStars’ partnership with Banno, an analytics and data management company.

“Today’s mobile and online society is driven by convenience and a desire for real-time fulfillment at the click of a button, or swipe of a finger,” says Greg Adelson, group president of iPay Solutions.

ProfitStars is a division of Jack Henry & Associates Inc., which provides technology solutions for 11,600 customers nationwide.

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Zarna Patel is a staff writer for InformationWeek's Financial Services brands, which include Bank Systems & Technology, Insurance & Technology and Wall Street & Technology. She received ...