Jack Henry's First-Quarter Profit Climbs on Strong Bank Tech Demand

Jack Henry’s first-quarter profit climbs on strong bank tech demand

(Reuters) -Jack Henry & Associates reported about a 21% jump in first-quarter profit on Tuesday, helped by resilient demand for its banking technology services. The Monett, Missouri-based company, which competes against Fiserv and FIS, provides technology and payment processing services to financial institutions, mainly community banks and credit unions. Small- and mid-sized financial institutions tend to rely more heavily on banking technology …

Jack Henry's first-quarter profit climbs on strong bank tech demand

Jack Henry & Associates reported about a 21 per cent jump in first-quarter profit on Tuesday, helped by resilient demand for its banking technology services.The Monett, Missouri-based company, which competes against Fiserv and FIS, provides technology and payment processing services to financial institutions,