This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Symitar Earns Significant Core Wins In First Half Of Fiscal Year 2013





MONETT, Mo., Feb. 13, 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 it won 18 new credit union relationships for its Episys® core platform during the first half of the organization's 2013 fiscal year, which spanned July 1 to Dec. 31, 2012. More than 35 percent of credit unions with more than $1 billion in assets are now automated by Episys, which has the largest market share of credit unions with assets exceeding $50 million.

Dallas, Texas-based Neighborhood Credit Union is one of those new Episys clients. Chet Kimmell, president and CEO, explained, "After a very comprehensive review of a number of solutions, Symitar by far had the most to offer our credit union for long-term success. The Episys system is nimble to support both current and future needs, and this organization stands behind its technology with strength and service."

Symitar also continues experiencing strong demand by credit unions of all sizes to outsource. In addition to the new core deals, 14 credit unions elected to migrate from their current in-house Symitar systems to its outsourced solutions. Four of these credit unions elected to migrate to Symitar EASEā„¢, the Episys outsourced solution, and 10 moved to the Cruise® outsourced solution during this time.

Symitar provides an array of complementary products and services strategically integrated with Episys and Cruise, including the credit, debit, and ATM card processing services available through JHA Payment Processing Solutions® (PPS), a business unit of Jack Henry & Associates. Of the new core wins and migration decisions, seven Episys clients and five Cruise clients also selected PPS in the first half of the 2013 fiscal year.

Joel Forbess is executive vice president at Memphis, Tennessee-based Kimberly Clark Credit Union, an Episys client for more than 10 years. Already running credit processing through PPS, the credit union recently decided to convert its debit card program to PPS as well. Regarding that move, Forbess said, "The opportunity to consolidate these functions and maintain a single point of contact for settlements, adjustments, and reconciliations was enticing. And, the automated notes between Episys and PPS will be an even greater time saving solution for our staff."



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs