Volly™ Selects ProfitStars for Online Payments
June 21 2012 - 10:00AM
Business Wire
Pitney Bowes Inc. (NYSE: PBI) today announced that it has
selected technology from the ProfitStars® division of Jack Henry
& Associates, Inc. to use with its Volly™ secure digital
delivery service. This enables new one-click bill payments for
consumers when Volly™ launches to consumers later this year.
The agreement means that consumers will enjoy the ease,
simplicity and security of digital bill payments to the companies
they do business with directly through the Volly™ service. Under
the terms of the deal, consumers will be able to pay these by
authorizing Automated Clearing House (ACH) payments from their
bank, or by credit card in instances where the biller accepts
credit cards. This is a critically important capability that is
expected to accelerate adoption of the Volly™ service after it is
launched.
“Online bill payment is now an everyday fact of life for tens of
millions of consumers in the U.S.,” said Chuck Cordray, president
of Volly. “Integrating this feature into the Volly service right up
front will make it an appealing alternative to the current,
fragmented process most people use to receive, store and pay their
bills.”
Jack Henry & Associates, Inc. was founded in 1976 as a
provider of core information processing solutions for community
banks. Today, the company’s extensive array of products and
services are processing transactions, automating business
processes, and managing mission-critical information for more than
11,900 financial institutions and corporate entities.
According to David Foss, president of ProfitStars, “This
strategic partnership with Pitney Bowes provides the opportunity to
leverage our proven payments platform with the innovative Volly
digital mail communications service to provide consumers with a
next-generation e-commerce offering. We are excited about being an
integral component of Volly and the opportunity to expand our
presence and potential in the electronic payments industry.”
Using the Volly™ secure digital delivery service, consumers will
be able to receive, view, organize, manage, pay and store bills,
statements and other content from the companies they do business
with. The Volly™ service consolidates this information from
multiple providers, reducing the consumer’s need to visit multiple
websites or send physical checks through the mail.
Since it was introduced to the mailing industry in 2011, Volly™
has been adopted by more than 40 large mailers representing more
than 5,000 companies and consumer brands, and more than five
billion bills per year. For more information about Volly™, please
visit www.volly.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading
provider of technology solutions and payment processing services
primarily for financial services organizations. Its technology
solutions serve more than 11,900 customers nationwide, and are
marketed and supported through four primary brands. Jack Henry
Banking™ supports banks ranging from de novo to mid-tier
institutions with information processing
solutions. Symitar™ is the leading provider of
information processing solutions for credit unions of all
sizes. ProfitStars® provides highly specialized
products and services that enable financial institutions of every
asset size and charter, and diverse corporate entities to mitigate
and control risks, optimize revenue and growth opportunities, and
contain costs. iPay Technologies™ operates as a leading
electronic bill pay provider supporting banks and credit unions
with turnkey, highly configurable retail and small business
electronic payment platforms. Additional information is available
at www.jackhenry.com.
About Pitney Bowes
Delivering more than 90 years of innovation, Pitney Bowes
provides software, hardware and services that integrate physical
and digital communications channels. Long known for making its
customers more productive, Pitney Bowes is increasingly helping
other companies grow their business through advanced customer
communication management. Pitney Bowes is a $5.3 billion company
and employs 29,000 worldwide. Pitney Bowes: Every connection is a
new opportunity™ www.pb.com.
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