ProfitStars® President, David Foss, Elected President of Association for Financial Technology

- Foss' Leadership Expected to Further Promote AFT's High Standards of Professionalism in Financial Services Industry -

Oct 12, 2010, 08:00 ET from Jack Henry & Associates, Inc.

MONETT, Mo., Oct. 12 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced the president of its ProfitStars division, David Foss, was elected as president of the Association for Financial Technology (AFT) on Sept. 14 at the organization's 39th annual meeting held in Napa, Calif.  

AFT is a volunteer association of industry visionaries, thought leaders and senior executives from companies that serve the domestic and international financial services market. Its dynamic membership collectively provides 85 percent or more of the core processing services for America's banks, thrifts and credit unions and includes the most trusted names in financial technology. These companies come together twice a year to discuss industry trends and promote high standards of professionalism in the planning, development, implementation and applications of technology in the financial services industry.

According to James Bannister, longtime AFT executive director, "Dave has been an integral part of our board for the past three years, and I speak for myself as well as others in the association when I say that we are delighted to honor him as president. AFT continues to be the collective voice of our industry, and we look forward to Dave's leadership expertise making an even greater impact on upholding and improving financial services industry standards."

Since Jack Henry & Associates established ProfitStars in 2006 to encompass the companies acquired to support its focused diversification strategy, Foss has been instrumental in integrating all of the 19 companies acquired to-date into the ProfitStars brand. Today, ProfitStars has more than 8,800 customers including 42 of the largest 50 U.S. banks and 24 of the largest 50 U.S. credit unions.

For more information about the Association for Financial Technology contact Denise Hill, Managing Director, at (614) 895-1208, email or visit the association's web site at

About ProfitStars

ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at  

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (NASADAQ: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services 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

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.