Jack Henry and Associates adds 16 credit unions in six months

16 CUs in 6 months

The technology solutions and payment processing service provider for the financial services industry added 16 credit unions to its roster during the first half of the company’s fiscal year (July – December 2011) (view press release). The announcement was made through the company’s Payment Processing Solutions (PPS) division.

PPS enables merchants to merge credit, debit and ATM card processing services into one system, providing a single point of contact for settlements, adjustments and reconciliations. PPS also provides products and services designed to help financial institutions analyse ongoing profits, maximise card portfolio value, and meet the convenience expectations of cardholders.  

Based on the company’s sales fiscal year-to-date John Postle, general manager of JHA Payment Processing Solutions, expects to exceed the 20 new clients added last fiscal year.

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