MONETT, Mo. Jan. 19, 2011 Jack Henry
Biz 2.0 Crossover is part of iPay’s strategy to help financial institutions best serve small business customers while ensuring that those relationships achieve their greatest profit potential.
By automatically tracking transaction volumes and types, iPay’s Biz 2.0 Crossover allows financial institutions to identify which customers are using a consumer bill pay platform for their business payments. Biz 2.0 Crossover then uses that account insight to deliver a series of professional communications to small business customers to help them recognize the benefits of converting to iPay’s small business bill pay solution, Biz 2.0. The messages can be presented as banner ads on a financial institution’s consumer bill pay homepage during a user’s online session, on interstitial Web pages or via e-mail correspondence. Each communication includes an enrollment prompt that enables small business customers to instantly and effortlessly enroll online for Biz 2.0, eliminating the manual conversion process.
iPay’s Biz 2.0 provides small businesses anytime access and greater control and flexibility. It provides the functionality to meet billing and payroll needs without consolidating orders or using spreadsheets. It also enables small businesses to delegate tasks like scheduling payments and it simplifies account-to-account transfers. The solution supports direct deposits, the management of payday schedules and the generation of advance reminders.
Ready added, "As valuable as small business customers are, banks and credit unions must proactively communicate the benefits of a full online financial management platform. Biz 2.0 Crossover is an automated way to simplify these communications and ultimately support financial institutions’ strategic goals of attracting, retaining and growing their small business customer base and incrementally increase the related revenue."
About iPay Technologies
Jack Henry Jack Henry Banking™ Symitar™ ProfitStars® iPay Technologies www.jackhenry.com
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.