Jack Henry Expands Electronic Bill Payment Options

Monett, Mo.-based Jack Henry & Associates, Inc., provider of integrated technology solutions and data processing services for financial institutions, has expanded the payment options available with its NetTeller Bill Pay online bill payment solution to include guaranteed bill payments by ACH and expedited overnight check delivery.

NetTeller Bill Pay enables a bank's retail and commercial customers to initiate and remit one-time and recurring payments to any individual or any entity in the United States.

Financial institution customers initiating electronic bill payments that can be paid via ACH can now guarantee the date payments are received. This new guaranteed payment option will now enable consumers to guarantee payment receipt on a specified future date. If payments are not received by the guaranteed date, Jack Henry & Associates will reimburse the consumer for late-payment-related fees up to an established maximum as long as transactions were scheduled in accordance with the service's terms and conditions.

Jack Henry & Associates has partnered with Myriad Systems Inc. (MSI), (Oklahoma City, Ok.), a provider of financial document capture, processing, printing, and mailing services, to provide an automated and highly scalable solution for next-day check payments. This new service allows users of NetTeller Bill Pay to specify payments that require printed and mailed checks.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio