- Credit union selects core processor for ease of customization and corporate stability -
MONETT, Mo., Aug. 1, 2013 /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 $1.3 billion Arizona Federal Credit Union is installing the Episys® core platform in-house.
Arizona Federal is dedicated to effectively serving its more than 140,000 members with a full range of financial services. The credit union needed a core platform with proven integration points to current and potential third-party vendors, as well as a flexible infrastructure that can be easily customized. Symitar has completed more than 1,800 unique product integrations, a number that continues to grow, providing credit unions with practical answers to their current and future business needs. Arizona Federal can also choose to customize Episys independently or leverage Symitar's PowerOn Marketplace™, a community portal that allows users to share Episys applications developed using the PowerOn customization tool.
According to Ted Bilke, president of Symitar, "Arizona Federal has a member-focused strategy that requires advanced technology and multiple integration points. Episys will not only give the credit union the customization capabilities that it needs, but it will also provide a community of peers with scripting ideas and proposals to propel future growth. The goal of the Episys platform and its PowerOn Marketplace is to provide the most cohesive, functional, and easy to navigate environment for both credit unions and their members."
Executives at Arizona Federal also attribute their selection of Episys to Symitar's proven reputation for customer support and its proven change management and conversion processes. To date, more than 39 percent of U.S. credit unions with more than $1 billion in assets are now automated by Episys.
Symitar, a division of Jack Henry & Associates, Inc. (NASDAQ: JKHY), is the leading provider of integrated computer systems for credit unions of all sizes. 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 computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community 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 best-of-breed solutions that enhance the performance of domestic and international financial institutions of all asset sizes and charters using any core processing system, as well as diverse corporate entities. 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.
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