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Generations Community Federal Credit Union Increases Bill Pay Adoption, Transactions Processed with iPay

MONETT, Mo. July 12, 2011 Jack Henry

In its first three months since implementation, Generations experienced a 20 percent increase in bill pay users and significantly expanded its available number of payees, growing the volume of online transactions. The credit union currently has more than 2,000 active bill pay subscribers averaging 10,000 monthly payments with upwards of 25,000 payment records. Additionally, many of its members have switched to electronic statements from paper statements.

Wes Barnett

® Jack Henry

David Foss

iPay’s consumer bill pay takes an integrated services approach, including P2P payments, A2A transfers, expedited payments and end user support. The turnkey solution also supports single or recurring payments and easily integrates with any Internet banking provider. Supporting more than 3,600 financial institutions, iPay backs its consumer, small business, and P2P payment solutions with a full service call center, branded directly for each bank or credit union client, to facilitate customer and member support.

About iPay Technologies

Jack Henry

Jack Henry Jack Henry Banking™ Symitar™ ProfitStars ® iPay Technologies

Statements made in this news release that are not historical facts are forward-looking information.  Actual results may differ materially from those projected in any forward-looking information.  Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information.  Additional information on these and other factors, which could affect the Company’s financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements.  Finally, there may be other factors not mentioned above or included in the Company’s SEC filings that may cause actual results to differ materially from any forward-looking information.

Jack Henry

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