News

JHA Payment Processing Solutions acquires 16 new CU clients

February 15, 2012

Jack Henry & Associates, a provider of technology solutions and payment processing services, today announced through its JHA Payment Processing Solutions division that it 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 to achieve 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 added to the PPS client roster is Biloxi-based Keesler Federal Credit Union. According to Larry Mayo, vice president of IT at the $2 billion FI, "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."

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