Monett, Mo., April 9, 2013 – Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division today announced that iPay Solutions™ was selected as the 2014 recipient of NACHA’s PayItGreen® Award for its iPay Resource Center.
iPay Solutions is a leading provider of online bill pay services, supporting approximately 4,000 financial institutions nationwide. The Resource Center is a comprehensive online suite of resources that serves as a virtual marketing agency for financial institutions and an on-demand training center for their staff members. It provides institutions with a convenient means to adopt and grow their own digital marketing efforts, rather than relying on traditional paper marketing materials. iPay Solutions provides the materials as a free service to the financial institutions it serves.
Since the inception of the program in 2009, the iPay Resource Center, as well as numerous email campaign strategies implemented, have played a significant role in the phenomenal growth in adoption of iPay electronic bill payments. iPay estimates that over 1,400 tons of paper have been saved by converting consumers and small business customers to electronic payment and billing services. In addition, more than six million emails per year have been sent to customers on behalf of financial institutions promoting bill pay, thus reducing the reliance on printed materials.
The iPay Resource Center allows financial institutions to produce and customize professional campaigns including online demos, educational landing pages, banner ads and other content to promote electronic payments and billing on their website in a very short timeframe without budget commitments. The benefits of electronic payment services are brought to life through online demos and training materials that help employees and consumers understand the value of making the transition to paperless payments.
Greg Adelson, group president of iPay Solutions, said, “We are deeply committed to the growth of paperless adoption through the delivery of electronic payments and bills. Education is the key to making a positive impact on the environment, and through our Resource Center we are able to provide the necessary education and awareness. Our consistent focus on ‘pay it green’ initiatives will allow our clients and their customers to realize significant environmental and cost benefits now and in the future.”
David Foss, president of ProfitStars, commented, “ProfitStars is a driving force in the evolving world of electronic payments. The iPay Resource Center is a testament to how we’re using innovative tools and technology to reduce the carbon footprint of not just our business, but also the financial institutions, merchants, small businesses, and consumers we ultimately serve. We’re excited to be acknowledged by NACHA as a company that supports environmental responsibility and sustainability.”
NACHA's PayItGreen award honors individual or organizational leadership, vision, and innovation in the education and promotion of electronic payments, statements, and bills to reduce environmental impact. The NACHA PayItGreen award is open to any individual or organization that has demonstrated superior leadership in the development, implementation or advancement of programs that promote the positive environmental impact of choosing electronic payments, statements, and bills.