Jack Henry & Associates, Inc. and MasterCard Worldwide announced an expanded processing relationship between Jack Henry’s iPay Technologies division and MasterCard's RPPS electronic bill payment network.

With this agreement, billpay originators that use the RPPS network can eliminate a significant volume of checks that they currently mail to 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 Greg Adelson, group president of iPay Technologies, “Online bill payment has become more mainstream as the convenient, chosen method for millions of consumers to pay their bills. However, if a consumer's bill payment provider cannot deliver payments electronically to local and regional billers, the paper check alternative causes delays in delivery and posting as well as an added expense, all of which negatively impact both the consumer and biller. Teaming with MasterCard RPPS allows more consumers to have access to iPay’s vast array of biller relationships, thereby enabling both organizations to capitalize on opportunities for extending the scope of electronic payments and their inherent benefits.”

MasterCard RPPS’ electronic bill payment network provides reach to thousands of billers in the United States. iPay has established direct electronic communications with thousands of billers, many of which were previously unable to receive electronic payments.

http://www.jackhenrybanking.com/default.aspx?P=e112c0cb-8069-42e2-bb95-1870edab08bf&PSP=True