MONETT, Mo., June 6, 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 Symitar® division today announced that Wisconsin-based Summit Credit Union, which has more than $1.8 billion in assets, has elected to install the Episys® core system in-house.
More than one-third of billion dollar credit unions in the United States already leverage Symitar's core data processing platforms.
Summit Credit Union wanted a core system that would provide robust functionality, opportunities to streamline processes and improve efficiency, and the ability to offer innovative products and services that provide tangible value to its members. The credit union found that Symitar's Episys system was the best solution.
Kim Sponem, CEO and president of Summit Credit Union, explained, "Symitar has an outstanding commitment to customer service and is focused on meeting the needs of its partner credit unions, which is in alignment with our own member service philosophy. The Episys core will allow us to improve efficiency yet remain nimble to change as our members' needs evolve."
Another driving factor in Summit Credit Union's selection of Episys was Symitar's expansive integration history to third-party solutions. Sponem added that with those relationships, the credit union has the flexibility to pursue the systems that are the best fit and provide the most value to its members.
According to Ted Bilke, president of Symitar, "A credit union's core decision goes far beyond the core itself. Symitar maintains an open interface with more than 150 third-party applications in addition to more than 100 tightly integrated, complementary Symitar/Jack Henry & Associates solutions to boost the overall functionality of each of our client's platforms. The open infrastructure also adjusts in scale to meet the need of any size credit union."
Of those complementary Symitar/Jack Henry & Associates products and services, Summit Credit Union has selected NetTeller Online Banking™, goDough® mobile banking, iPay Technologies™ consumer online bill pay, Synapsys® member relationship management, iTalk™ IVR, and ARCU data warehousing among others.
Symitar, a division of Jack Henry & Associates, Inc. (NASDAQ:JKHY), is the leading provider of integrated computer systems for credit unions of all sized. Symitar currently serves more than 750 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.symitar.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 filings that may cause actual results to differ materially from any forward-looking information.
SOURCE Jack Henry & Associates, Inc.