Today Jack Henry and Associates announced that they have connected 90+ financial institutions to their real-time payment network and Zelle.
Jack Henry & Associates, Inc, a leading provider of technology solutions and payment processing services primarily for the financial services industry, has confirmed that its faster payments hub, JHA PayCenterTM, is home to 93 financial institutions. More than 170 banks and credit unions are contracted in total to leverage JHA PayCenter to connect to the RTP® network of The Clearing House and/or Zelle Network® of Early Warning Services. The clients of Jack Henry represent most of the financial institutions currently living on the RTP network. - Payments Journal
As corporates continue to find themselves inspired by surging bitcoin values and a massive crypto haul by Tesla, the digital currency ecosystem is beginning to drum up more interest within the corporate treasury and B2B payments arena.
Yet despite cryptocurrencies' promises of faster payments, mitigated risk and boosted transparency, the corporate ecosystem is far from ready to dive fully into the market. That doesn't mean organizations can't achieve similar benefits from crypto's underlying infrastructure, blockchain, according to Carrie Sattler, CEO of RowanPay.
The company quietly announced earlier this month that it is gearing up to launch its payments network in Q2, a blockchain-powered gateway with its sights set on B2B and cross-border transactions. Speaking with PYMNTS, Sattler discussed some of the biggest friction points that its proprietary blockchain may be able to address, and how the network plans to fit within the broader ecosystem of both legacy and new systems hoping to tackle the same pain points.
“But is it real money?” This is a question asked by the average person when first discussing cryptocurrencies such as Bitcoin. While the answer is complicated, the government is continuously working to enforce new regulations that will treat it as such.
In recent years, there have been numerous anti-money laundering laws set in place to prevent people from transferring crypto funds illegally. Although this is great news for those who would like to use crypto in a legitimate fashion, there are still many challenges that crypto exchanges face with heightened regulation requirements.
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