Banking Technology: Jack Henry Unit Signs 32 Credit Unions
September 29, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Jack Henry & Associates, Inc. (NASDAQ: JKHY), a provider of integrated technology solutions and data processing services for financial institutions, said that its Symitar division, which provides core data processing and other technology solutions to U.S. credit unions, has added 32 credit unions to its client roster during the 2010 fiscal year, ended June 30.
According to Jack Henry, the credit unions decided to replace competitive platforms with Symitar's customizable Episys system or its CruiseNet system, which is designed specifically for small to mid-size credit unions.
Of the 32 new clients, 17 will install their systems in-house and 15 have elected to outsource their transaction and information processing.
Missouri-based Jack Henry provides computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations.
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