MONETT, Mo., Nov. 5, 2012 /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 Jack Henry Banking ® division announced today it has moved all operations from its Lyndhurst, NJ item processing (IP) center to one of the company's alternate processing facilities in Oklahoma City, OK. The Lyndhurst center was rendered inoperable due to widespread flooding caused by Hurricane Sandy. Over 100 of Jack Henry & Associates' 1,300 core bank clients were impacted by the damaged IP center.
According to Tony Wormington, president of Jack Henry & Associates, "All banks entrusting their item processing to our Lyndhurst center were alerted immediately about the unavoidable damage and our decision to transfer processing to the Oklahoma City processing center. We have provided periodic updates as the transition progressed and item processing resumed. We immediately dispatched significant resources to other JHA processing centers to support the initial backlog and increase in transaction volume. We will continue to work through any remaining issues until every bank affected is fully recovered with no transaction backlog."
Terry McMullen, general manager of E-Services, said, "The impact of this unprecedented storm on our clients has the full attention and focus of Jack Henry & Associates' executives, management team, and staff. We respect each bank's unique operating requirements and are working with them individually to ensure we are providing the level of support and service they expect during our collective recovery from this disaster. We will continue to provide regular updates to the affected banks and are working diligently to minimize the inherent inconvenience imposed on our bank clients and ultimately their customers by this unavoidable business interruption."About Jack Henry Banking Jack Henry Banking, a division of Jack Henry & Associates, Inc., is a leading provider of integrated computer systems for banks ranging from community banks to mid-tier institutions. Jack Henry Banking currently serves more than 1,300 banks as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.jackhenrybanking.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 11,900 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV