Jack Henry & Associates Announces Partnerships with First Data and PSCU
Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services primarily for the financial services industry.
Recently the company announced it has entered into a strategic agreement with First Data, a leader in payment technology and services solutions and PSCU, the nation’s leading credit union service organization to further expand the credit and debit card platform offered to financial institutions by its JHA Card Processing Solutions group.
Jack Henry & Associates has provided competitive card processing products and services for over 25 years and are constantly looking for new ways to improve its system to better meet the demands of its client base and consumers.
As a result of the agreement with First Data and PSCU, Jack Henry & Associates will further enhance the capabilities of its card platform by providing credit, debit, and ATM card processing; enhanced data analytics, sophisticated dashboards, improved fraud monitoring, and more.
The new combined services will allow Jack Henry & Associates to provide full-service credit and debit card processing to all existing core bank and credit union clients on a single platform. In addition, it will expand its card processing platform to financial institutions outside the JHA core client base.
David Foss, President and CEO of Jack Henry & Associates, stated “This agreement demonstrates our commitment to developing sound relationships that keep our clients competitive and their cardholders happy. After careful due diligence, we are confident that First Data and PSCU are the partners we want as we invest in the future of our credit and debit card platforms. Our financial institution clients can now enjoy expanded card processing solutions while continuing to reap the benefits of full integration and the superior service they expect from Jack Henry & Associates.”
“Building on a relationship with PSCU spanning more than two decades, First Data is proud to also partner with Jack Henry & Associates to deliver comprehensive technology solutions to the financial institutions that work with Jack Henry every day,” said Frank Bisignano, Chairman and CEO of First Data. “Over the past several years, First Data has invested in building out our enterprise solutions for financial institutions, and this strategic partnership allows us to deliver innovative tools to an expanded portfolio of financial institutions and STAR® Network clients.”
“PSCU is looking forward to working with JHA Card Processing Solutions to help them deliver a best-in-class user experience to their clients using PSCU’s industry-leading solutions,” said Chuck Fagan, PSCU President and CEO. “This collaboration adds scale and synergies that will benefit Jack Henry & Associates’ payments clients.”