Jack Henry Powers Webster First's P2P Payments with $2.50 Instant Fee Option
JKHY•Webster First Federal Credit Union has integrated Jack Henry’s Payrailz Pay a Person P2P solution into its digital banking, enabling real-time RTP and FedNow transfers. The platform offers free ACH transfers and instant payments for a flat $2.50 fee, aiming to boost transaction volume and member engagement.
1. Webster First Federal Credit Union Integration
Webster First Federal Credit Union integrated Jack Henry’s Payrailz Pay a Person peer-to-peer payments solution directly into its digital banking platform, embedding P2P functionality within the core system.
2. Multi-Rail Payment Capabilities
The solution supports free ACH transfers between internal and external accounts and offers instant RTP and FedNow payments for a flat $2.50 fee, eliminating routing number sharing and separate apps.
3. Strategic Impact for Jack Henry
This rollout aligns with Jack Henry’s strategy to increase client engagement and transaction volume, positioning its digital payments suite as a native feature that could drive incremental fee revenue and deepen financial institution relationships.
