MONETT, Mo. - (09/09/04) -- Jack Henry & Associates saidWednesday it has agreed to acquire two companies, Select PaymentProcessing, Inc., a privately held provider of electronic checkprocessing solutions, and Banc Insurance Service, Inc., a providerof turnkey insurance services for credit unions and communitybanks. Select Payment, based in Dallas, provides a fullyintegrated, web-based electronic check processing system thatconverts paper checks into electronic checks, then processes them.Banc Insurance Service is based on Holyoke, Mass., and acts as aturnkey insurance agency for 15 financial institutions, includingPhiladelphia FCU and Mountain America FCU. Terms of the two dealswere not disclosed.
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