iPay Solutions, the person-to-person payment service from ProfitStars has processed more than 1.8 million payments from July 1 through December 31, 2012. The payment value was more than $1.2 billion.
The company also announced a year-over-year increase for the second quarter of fiscal 2013 (October through December) of more than 38% in P2P users, and more than 37% in payments. The average amount per transaction was $719.
P2P payments have long been a mainstay of the iPay Solutions service, with the company offering a separate person-to-person solution in 2010. Now iPay Solutions is used for P2P payments by more than 2,700 financial institutions.
ProfitStars is a division of Jack Henry & Associates. The company has more than 11,000 clients globally, and was recognized by Celent as number #1 in Remote Deposit Capture and Branch Image Capture. They last demoed at FinovateSpring 2012. See their Budget Manager in action here.