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This acquisition will enhance Jack Henry’s payments-as-a-service (PaaS) strategy by adding the Payrailz consumer and commercial bill pay, real-time person-to-person, account-to-account and business-to-customer payments to Jack Henry’s virtual payments hub.
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“Considering the importance of modern digital and payments strategies to financial institutions, we plan to acquire Payrailz as a strategic addition to our payments ecosystem, which enables our clients to simplify the complexity of payments, modernize their existing payment channels and remain at the center of their account holders’ payment experiences,” Jack Henry President and Chief Operating Officer Greg Adelson said in the press release.
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