Here’s some exciting real-time payments news.
Jack Henry & Associates announced today that there are more than 100 financial institutions implementing its faster payments hub, JHA PayCenter, to connect to The Clearing House's RTP® network and Early Warning Services' Zelle®. Notably, more than 50 additional Jack Henry clients are scheduled to go live on the RTP network by the end of 2020.
The announcement follows the news that Jack Henry was the first third-party service provider to connect a financial institution, Dallas-based Pegasus Bank, to the RTP network and process live transactions. The $750 million-asset bank is offering its consumer and commercial customers the ability to receive real-time payments sent by accountholders from other participating financial institutions without incurring interbank settlement risk. The real-time payment capabilities provided by the RTP network also enable Pegasus Bank customers to receive real-time credit transfers initiated from third-party payment apps.
Click here to see Jack Henry’s press release.