Jack Henry Acquires PEMCO Technologies

MONETT, Mo. – Jack Henry & Associates yesterday said it has agreed to acquire Seattle-based PEMCO Technologies, a subsidiary of PEMCO Corp. that specializes in providing transaction processing services for credit unions.
 
PEMCO Technologies' products and services include credit signature processing, debit signature processing, PIN-based processing, ATM services, cardholder awards programs, fraud management, detection and prevention solutions, personalized cards, and prepaid card programs. These payment-related products and services currently are supporting approximately 235 financial institution customers.
 
Financial terms of the deal were not disclosed.
 
This is the second deal for Jack Henry this fall, following the recent acquisition of Goldleaf Financial Solutions, which is being folded into Jack Henry’s ProfitStars operations.