MONETT, Mo., Feb. 15, 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 has added 16 credit unions to its client roster during the first half of the company's fiscal year 2012 (July – December 2011).
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. PPS also offers an array of complementary products and value-add services that help financial institutions effectively and efficiently perform ongoing profitability analysis, maximize card portfolio value, and meet cardholders' convenience-related expectations.
One of the credit unions recently added to the PPS client roster is Biloxi, Mississippi-based Keesler Federal Credit Union. According to Larry Mayo, vice president of IT at this $2 billion credit union, "Our credit union looked at five card processing vendors. The ability to have POS and signature in one system and on one screen was a clear differentiator and big selling point for PPS. The integration with our core system also provides significant benefits. An example of how this integration benefits us is when a card is flagged as lost or stolen the status is automatically updated enterprise-wide. In the past, our employees had to access multiple systems and deal with multiple disparate screens to keep card information in sync."
John Postle, general manager of JHA Payment Processing Solutions, said, "Our transaction processing services are fully scalable for large and small institutions, so we're seeing a wide spectrum of credit unions evaluating and contracting for our ATM, debit, and credit card solutions. Based on our sales success fiscal year-to-date, we believe we will exceed the 20 new clients added during the previous fiscal year. Our consistent, outstanding customer service; proven transaction processing platform; and ability to support complex and dynamic compliance mandates are among the primary tenets driving our growth and success. PPS provides a proven service that enables diverse credit unions to focus more time and valuable human resources on serving their members and growing their businesses."
About Keesler Federal Credit Union
Keesler FCU is located in Biloxi, Mississippi, and serves the Mississippi Gulf Coast and Keesler Air Force Base. It offers a wide variety of loans, payment cards, and accounts, as well as brokerage and financial counseling services. The institution, founded in 1947, has assets of approximately $2 billion. There are 15 U.S. branches and three in the United Kingdom.
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
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,200 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 filings that may cause actual results to differ materially from any forward-looking information.
SOURCE Jack Henry & Associates, Inc.