ShredPay Integrates with Jack Henry Network for Stablecoin Services
ShredPay has joined the Jack Henry Fintech Integration Network, enabling banks and credit unions using Jack Henry technology to connect with ShredPay's stablecoin and digital-asset services. The partnership, announced on September 21, focuses on integration via jXchange and SymXchange APIs rather than a full rollout to all Jack Henry customers. ShredPay is a platform for stablecoin and digital-asset management. The integration aims to address the challenges financial institutions face in adopting digital-asset infrastructure, particularly the difficulty of connecting new services to existing banking systems. Jack Henry serves approximately 7400 financial institutions, including banks and credit unions, but this does not imply that all will adopt ShredPay's services. The integration represents a significant opportunity for fintech companies to access regulated financial institutions and bring stablecoin infrastructure closer to traditional banking operations.
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