Today, The Clearing House (TCH) and Jack Henry & Associates announced that 15 JHA customers, including Dallas-based Pegasus Bank, will implement Jack Henry’s JHA PayCenter™ to connect to the RTP® network.

These initial 15 institutions are expected to be the first of many Jack Henry clients that will connect to the RTP network through JHA PayCenter. Rusiru Gunasena, director of real-time payments at Jack Henry, told the American Banker that expects the first bank to go live within 30 days.

Pegasus Bank, which has more than $657 million in assets, and the other banks in this first wave will be able to offer their consumer and commercial accountholders, for the first time, the ability to receive real-time payments sent by accountholders at a continually expanding number of federally-insured depository institutions without incurring interbank settlement risk.

“JHA PayCenter gives our institution the clearest, most cost-effective path to making faster payments a reality – now and as additional options emerge,“ said Jenny Murphey, executive vice president and chief operating officer for Pegasus Bank. “Joining the RTP network will allow us to offer our customers more efficient payment services and empower them to receive their money faster with payments that clear and settle in real-time.”

JHA PayCenter is a proprietary payments hub that will enable banks and credit unions to provide a real-time payment experience, supported through Jack Henry’s core and digital solutions. It will offer a single integration point to the RTP network. Jack Henry & Associates, Inc. is a provider of technology solutions and payment processing services primarily for the financial services industry.

Click here to read the American Banker coverage of the announcement.

Click here to see TCH’s press release, or here to see Jack Henry’s press release.