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- Processor Jack Henry & Associates Inc. reported June-quarter revenue of $559.9 million, up 4.7% from the same quarter last year. Revenue for the 12-month period came to $2.22 billion, up 6.6%. Net income for the quarter totaled $101 million, a 3.4% increase; for the year ended June 30, $381.8 million, up 4.1%.
- While real-time payments adoption among financial institutions is growing, mid-size and small credit unions are trailing banks, though large credit unions are ahead, according to research from FI Navigator and William Mills Agency.
- RevSpring Inc. said its Arrived and PersonaPay patient-management and payments technologies have become available on the Oracle Healthcare Marketplace, a collection of technologies offered by Oracle and its partners.
- Skyfire Systems Inc. launched what it says is the world’s first payment network enabling transactions through artificial intelligence technology.
- Paystand, a provider of digital payments based on blockchain technology, will add its services to a portfolio of technologies offered by Cumula 3, a cloud-based platform for businesses.
- U.S. Bank said investment firm Edward Jones will offer U.S. Bank cobranded deposit and credit card products to its clients beginning in late 2025.
- Digital identity and fraud prevention provider Mitek Systems Inc. announced an expanded partnership with Alogent, a bank and credit union services firm, that will see Alogent integrate Mitek’s Check Fraud Defender into its Unify deposits automation service.
- Hospitality point-of-sale services provider ParTech Inc. said the Church’s Texas Chicken chain, with more than 1,500 locations, adopted PAR Punchh for its customer engagement and loyalty program.
- Kurt Strawhecker, founder of the payments researcher and consultancy TSG, has been inducted into the Electronic Transactions Association’s Hall of Fame, the ETA announced. Strawhecker started his career in payments with First Data (acquired by Fiserv Inc. in 2019) in 1985 and founded TSG (formerly, The Strawhecker Group) in 2006.
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