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Jack Henry rebrands Pemco Technologies acquisition
MONETT, Mo. (6/29/10)--Jack Henry & Associates Inc., which acquired Pemco Technologies in October, announced that Pemco Technologies will be rebranded as JHA Payment Processing Solutions and will operate as a division of Jack Henry & Associates. Jack Henry, a provider of integrated technology solutions and data processing services for financial institutions, was contractually committed to rebrand Pemco within one year of the acquisition. The acquisition will strategically complement Jack Henry's ATM and debit card solutions with credit and prepaid card solutions. It also positions the company to support financial institutions with a broader array of payment-related solutions that are collectively supporting more than 1,000 banks and credit unions. According to Terry McMullen, general manager of E-Services, "This acquisition supports our goal to provide our clients and prospects with a more complete product offering that includes ATM, debit, credit, and prepaid card solutions, and generates more opportunities to increase our presence and potential in the growing payments industry." He noted that the company will begin selling JHA Payment Processing Solutions, which historically have been available exclusively for credit unions, to banks.


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