Symitar Introduces PowerOn Marketplace for Episys Users

- Credit unions can gain added operating efficiencies and core system functionality with open marketplace for sharing ideas and custom applications -

News provided by

Jack Henry & Associates, Inc.

Aug 15, 2012, 08:00 ET

MONETT, Mo., Aug. 15, 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 Symitar^® division today introduced the PowerOn Marketplace™, a collaborative environment for its Episys^® credit union clients to exchange programming solutions that improve efficiency and performance.

Symitar for years has enabled credit unions to customize Episys with PowerOn, a customization tool that incorporates an advanced scripting language and an intuitive interface that IT staff can use to develop custom applications independent of the core code. Its new PowerOn Marketplace now provides a centralized community resource, supported by Symitar, for users to share, review, and adopt ideas and custom programming solutions. It will be open to all Episys users that currently range from $10 million to $10 billion in assets.

Des Moines, Iowa-based Financial Plus Credit Union has been a Symitar client for 20 years. Dan Davis, vice president of finance and IT at the $103 million institution, commented, "We have always collaborated with other Episys users to share code and ideas, and PowerOn Marketplace will improve that process exponentially. The centralized location provides credit unions with unlimited access to information when they need it. Furthermore, the user reviews will be a great help in determining what fits the unique needs of our credit union."

PowerOn Marketplace will launch with more than 20 unique solutions, including eSnapshot, a credit union defined dashboard, and SIGPAD Survey, which converts a common digital signature pad into a member survey platform. Episys users will be able to download, customize, and deploy these and other solutions; upload solutions they've created; and equally important, rate the PowerOn Marketplace solutions they've tried in order to assist future users in their evaluations. All of the solutions are free this year, and credit unions will have the option to charge for their solutions beginning January 2013.

According to Ted Bilke, president of Symitar, "We have always encouraged a sense of community and collaboration among our 750 credit union clients. The goal of PowerOn Marketplace is to give these credit unions centralized resources to efficiently adapt the Episys core platform to their unique requirements. Candidly, previous methods of trading code were unsecure and sometimes exclusive, so we created PowerOn Marketplace as a convenient way to access, share, and rate solutions in a safe, reliable environment. We look forward to seeing new and exciting developments as a result of this open storefront."

Symitar will continue to provide its own product development and product integrations. The organization currently leverages more than 1,800 unique product integrations, combined with more than 25 years of experience to provide credit unions with practical answers to their current and future business needs.

About Symitar

Symitar, a division of Jack Henry & Associates, Inc. (NASDAQ:JKHY), is the leading provider of integrated computer systems for credit unions of all sized. Symitar currently serves more than 750 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.symitar.com.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for financial services organizations. Its technology solutions serve more than 11,900 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking^® supports banks ranging from de novo 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 highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. iPay Technologies™ operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. 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.