New options with NetTeller Bill Pay solution

Jack Henry & Associates, Inc., a leading provider of integrated technology solutions and data processing services for financial institutions added new options to its NetTeller Bill Pay online bill payment solution. Now NetTeller Bill Pay that is intended to allow a bank's retail and commercial customers to initiate and remit one-time and recurring payments to any individual or any entity in the United States will include guaranteed bill payments by ACH and expedited overnight check delivery.

With guaranteed ACH Payment Option financial institution clients that initiate electronic bill payments paid via ACH can now guarantee the date payments are received. In case payments do not come by the guaranteed date Jack Henry & Associates takes the responsibility to recompense for late-payment-related fees up to an established maximum.

Expedited Overnight Check Payment Delivery Option was introduced in partnership with Myriad Systems Inc. (MSI), a leading provider of financial document capture, processing, printing, and mailing services. This feature will allow users of NetTeller Bill Pay to specify payments that require printed and mailed checks -- a process that can take up to seven days and lacks predictability in terms of the actual delivery date -- to be generated by MSI and delivered overnight via Federal Express(TM).