That's been the case this past year in credit union technology. That old saying is also considered a back-handed curse,
Jack Henry & Associates is entering the person-to-person payments fray with an offering from its latest acquisition, iPay Technologies.
Jack Henry & Associates said today that it has completed its $300 million cash acquisition of iPay Technologies.
The last major independent provider of bill pay to credit unions has been purchased by its biggest customer, but its president said it's business as usual for his customers and end users.
Jack Henry & Associates' announcement today that it is buying iPay Technologies is a logical follow-up to similar acquisitions by two of Jack Henry's major competitors, according to an industry analyst.
Jack Henry & Associates is buying iPay Technologies for $300 million, the Missouri-based data processing and integrated technology company's largest acquisition yet, the company said.
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Georgetown Kraft Credit Union, Georgetown, S.C., announced that Kevin K. Langford joined its staff as the new manager of data processing and information technology.
River Valley Credit Union plans to spend the year ahead expanding its use of new technology to help grow its business with small businesses.