MONETT, Mo. (3/10/16)--JHA Payment Solutions has partnered with The Clearing House (TCH) to expand the scope of U.S. financial institutions equipped to send and receive new real-time transactions.
TCH is currently working to build a new real-time payment system, which it will will own and operate. In partnering with JHA Payment Solutions, TCH will greatly expand the new system’s reach and advance the goal of real-time payment ubiquity--a desired outcome the Federal Reserve has identified for an enhanced U.S. payments system.
A key attribute of JHA Payment Solutions’ faster payments strategy is to ensure that financial institutions have access to new payment platforms that will allow them to offer innovative products to their customers. Collaborating with TCH expands JHA Payment Solutions’ modernization initiatives across its network of more than 6,300 diverse banks and credit unions.
“This new partnership with Jack Henry is a significant step in meeting our goal of ubiquity for real-time payments,” said Steve Ledford, TCH senior vice president of product and strategy. “JHA Payment Solutions has a proven track record of delivering cutting edge innovative solutions to its vast network of bank and credit union clients, so we are excited that they chose to team up with us to support our real-time payment system.”