JHA Payment Processing Solutions Adds 30 New Clients in 2012 Fiscal Year
MONETT, Mo., Sept. 18, 2012 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its JHA Payment Processing Solutions® (PPS) division today announced that it added more than 30 credit unions to its client roster during the company's 2012 fiscal year, ending June 30.
PPS enables credit unions to consolidate credit, debit, and ATM card processing services, which provides a single point of contact for settlements, adjustments, and reconciliations. It also offers an array of complementary products and value-add services that help credit unions effectively and efficiently perform ongoing profitability analysis, maximize card portfolio value, and meet cardholders' convenience-related expectations.
The Summit Federal Credit Union, based in Rochester, N.Y., is among the credit unions that recently converted its debit and ATM processing to PPS. The institution has 40 ATMs located primarily in the Buffalo, Rochester, and Syracuse areas, and it was able to complete the bulk of the conversions in two days.
According to Mark Brewer, vice president of information technology at the credit union, "PPS shares in our commitment to provide excellent customer service. I've always heard positive comments about the way their customers are treated, and our working relationship has been a testament to that. A key benefit to us was the treatment of our members. The conversion to PPS resulted in very little downtime, and it was fairly transparent to ATM users."
John Postle, general manager of PPS, said, "Our steady growth during the 2012 fiscal year corresponds with more credit unions taking action to improve operating efficiencies and member services. We take great pride in our reputation for superior customer service, a seamless change management process, and easy-to-use technologies that help credit unions streamline operations to gain competitive advantages."
About JHA Payment Processing Solutions (PPS)
JHA Payment Processing Solutions provides payment solutions to the financial industry including ATM, debit, and credit card solutions. These innovative solutions include one of the largest switch processors in the United States, access to one of the credit union industry's largest surcharge-free ATM networks, online real-time transaction authorization and processing, signature and PIN-based processing, in-house and outsourced fraud prevention and detection solutions, cardholder awards programs, card program management and profitability solutions, card manufacturing and personalization, instant issue and activation, marketing materials and programs, and renowned customer service. JHA Payment Processing Solutions are sold to financial institutions regardless of core processing platform, cross sold to the core credit union clients supported by Symitar®, and select products are sold to the core bank clients supported by Jack Henry Banking®. Additional information is available at www.weknowpayments.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for financial services organizations. Its technology solutions serve more than 11,900 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. iPay Technologies" operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. Additional information is available at www.jackhenry.com.
Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC (SCUR) filings that may cause actual results to differ materially from any forward-looking information.
SOURCE Jack Henry & Associates, Inc.