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iPay Technologies

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Founded

2001

HQ

United States

North America

Industry Segment

Bill payments

Company Status

Acquired

Description

iPay was founded in 2001 and operated as an electronic bill pay provider in the United States. Through strategic partnerships with more than 50 providers of information processing and online banking solutions, iPay's online bill pay services and technology supported more than 3,600 banks and credit unions per the company. iPay partners with companies to provide online bill payment solutions to financial institutions and supports those institutions' retail and small business customers with a configurable electronic payments platform. iPay's retail bill payment services include person-to-person payments, account-to-account interbank transfers, electronic bill presentment, the ability to pay bills from multiple accounts, expedited payments, payment tracking, automatic text alerts and payment reminders. Its small business bill pay suite includes functionality that permits users to delegate and manage payment tasks with strict entitlement controls, enforce dual account signature requirements to ensure established payment approvals, create customized electronic invoices and manage receivables. In July 2010, iPay was purchased by Jack Henry & Associates who purchased all of the equity of iPay for a purchase price (valuation) of $300 million in cash, subject to certain closing and post-closing adjustments.

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iPay Technologies

iPay Technologies

iPay Technologies

iPay Technologies

iPay Technologies

iPay Technologies

iPay Technologies

iPay Technologies

iPay Technologies

iPay Technologies

iPay Technologies

iPay Technologies

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