Jack Henry & Associates is a leading provider of technology solutions and payment processing services for financial institutions. The company was founded in 1976 by Jack Henry and Jerry Hall, with the goal of offering innovative software solutions to automate banking processes and enhance operational efficiency.
Jack Henry & Associates serves a wide range of financial institutions, including community banks, credit unions, and other financial service providers. They offer a comprehensive suite of software products and services designed to meet the unique needs of their clients. These solutions cover various areas, including core banking, online and mobile banking, payment processing, loan origination, risk management, and cybersecurity.
The company's core banking system, known as the SilverLake System, is a comprehensive platform that enables financial institutions to streamline their operations, improve customer service, and drive growth. They also provide a range of digital banking solutions that enable financial institutions to deliver modern and personalized banking experiences to their customers.
In addition to software solutions, Jack Henry & Associates offers payment processing services through their subsidiary, ProfitStars. This division provides a wide range of payment and transaction processing solutions, including electronic funds transfer, remote deposit capture, card processing, and fraud prevention.
Jack Henry & Associates went public in 1985 and is traded on the NASDAQ stock exchange under the ticker symbol "JKHY." The decision to go public allowed the company to raise capital and expand its operations, further solidifying its position as a leader in the financial technology industry.