Digital Banking

800 financial institutions migrate to Jack Henry & Associates’ card processing platform

Photo provided by iStock

December 4, 2020

Jack Henry & Associates Inc. a technology solutions and payment processing service provider for the financial services industry announced that 800 financial institutions have migrated to its full-service debit, credit, and ATM processing. In addition to the migrations, 137 new debit and/or credit clients have been converted to the new platform.

The CPS platform provides banks and credit unions with a single-source solution for its processing needs coupled with with seamless ongoing support. CPS centralizes a financial institution's entire processing operations while providing a full suite of fraud mitigation tools, data access and analytics, digital issuance, loyalty programs, and more.

By migrating to JHA, financial institutions can grow cardholder acquisition and expand wallet share while minimizing expenses and risks. FirstBank of Nashville, Tennessee recently moved its card processing to Jack Henry for its seamless integration with the bank's technology platform, its modern infrastructure, improvement of the cardholder experience and the ability to easily convert acquisitions to the new card platform.

"Trust goes a long way. Partnering with Jack Henry ensures a stellar experience for us that trickles down to our customers. That includes fast, uninterrupted service, a fraud platform that enables consumers to provide input immediately, mobile wallets, and instant issuance for a better experience," Wade Peery, chief administrative officer for FirstBank of Nashville said in the release.