Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Jack Henry Partners With TransCard To Offer Prepaid Cards
MONETT, Mo. (2/14/13)--Jack Henry & Associates is partnering with TransCard to prepaid cards to credit unions and banks.

Jack Henry's ProfitStar and Symitar divisions will sell the cards, which give credit unions the ability to offer payroll cards, reloadable prepaid cards, and gift cards that generate additional revenue from commercial and retail members, and also attract new members from the underbanked and unbanked market segments.

Credit unions can hold the deposits, share in the interchange income, and set their own pricing, which generates cardholder fee income.

TransCard, which offers prepaid products to financial institutions, will provide operational support and customizable marketing materials for the cards.

Jack Henry also announced its Symitar division received commitments from 18 credit unions to adopt its Episys core platform during the first half of the organization's 2013 fiscal year, which spanned July 1 to Dec. 31.

Symitar also saw strong demand for outsourcing from credit unions of all sizes. Fourteen credit unions migrated from their in-house Symitar systems to outsourced solutions. Four of the credit unions elected to migrate to Symitar EASE, the Episys outsourced solution, and 10 moved to the Cruise outsourced solution.


RSS print
News Now LiveWire
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
2 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
4 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
5 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
6 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
6 hours ago