business-to-vendor payments

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How much Time and Money are Lost Paying Vendors?

Your business customers spend as much as 30% of employee time on work surrounding invoice payment. In a digital age, there's no reason to keep throwing this money away. A recent Goldman Sachs report says,

"... we estimate that SMBs [small businesses] pay an average of $16-$22 to manually process an invoice, but that this can be reduced to $6-$7."

how it works

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JHA Money Center is a business-to-vendor (B2V) or business-to-business (B2B) payments solution that integrates with and simplifies accounting and accounts payable solutions. We process secure vendor and supplier payments as ACH transactions and provide scalable payment capabilities for evolving business requirements.

We offer same-day ACH transactions, as well as next-day settlement for qualified customers. JHA Money Center also provides the assistance and expertise to integrate our payment application programming interface (API) with your system. Enable your customers to drastically cut costs.

JHA Money Center Expertise

Jack Henry processes more than 797 million transactions monthly, directly with the Federal Reserve. We have money transmitter licenses in every state, are a registered Money Services Business with FinCen, and participates in the NMLS licensing system under the NMLS ID# 1253322. By leveraging the extensive infrastructure and service culture of our parent company (Jack Henry) we offer outstanding results and maintain strict compliance with state, federal, and Nacha regulations.

Benefits of Our Digital B2V/B2B Payments

  • Eliminates paper checks
  • Expedites recurring and one-time payments
  • Helps optimize cash flow
  • Improves efficiencies in accounts payables processes and operations
  • Improves payment security with encrypted electronic transactions
  • Reduces A/P-related expenses
  • Removes the need to move money through traditional financial institution channels
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contact us

Start the conversation about how Jack Henry can help conquer your business challenges with innovative offerings.