- Jack Henry & Associates ( NASDAQ: JKHY ) entered into a definitive agreement to acquire Glastonbury, Conn.-based Payrailz, adding the company's next-generation digital payment capabilities, including real-time person-to-person payments, to Jack Henry's payments ecosystem.
- Acquiring Payrailz supports Jack Henry's next-gen technology strategy that helps banks and credit unions innovate faster and meet the evolving needs of consumer and commercial accountholders.
- The acquisition is expected to close Aug.31, 2022.
- Financial details and terms of the definitive purchase agreement were not disclosed.
For further details see:
Jack Henry & Associates to acquire Payrailz, terms undisclosed