Standalone version of iPay P2P electronic payment system offered.

• Position: NEW PRODUCTS

THEWAYIPAY, THE STANDALONE VERSION of the iPay person-to-person (P2P) electronic payment solution is now being offered in a standalone version by lack Henry & Associates Inc. through its recently acquired iPay Technologies division.

TheWayiPay allows anyone in the United States with a bank account to send and receive money using their existing accounts. This electronic payment service is accessible through financial institutions' Web sites and leverages the same secure processing as online banking transactions. Payments can be made using only the recipient's name and e-mail address. The money is deducted from the sender's account and deposited directly in the recipient's account in one to three business days with payment confirmations sent to the recipient's e-mail address. The ability to electronically transfer funds between accounts and financial institutions provides a convenient, easy-to-use, secure service that...