MONETT, Mo.- Jack Henry & Associates, parent company of credit union data processor Symitar Systems, has moved further towards acquiring Select Payment Processing, Inc., provider of electronic check processing solution for financials institutions. The acquisition is pending Select Payment’s shareholder approval, which is expected within the coming weeks. Select Payment’s fully integrated, Web-based electronic check processing system converts paper-based checks into electronic checks, processes them through the ACH network commonly used for direct deposit payroll, automates returned check re-presentment, generates real-time reporting, and supports proactive risk management Jack Prim, CEO of Jack Henry & Associates, said, “Integrating Select Payment’s innovative system with our existing electronic payment products and services will enhance our product line, and provide additional revenue generating opportunities for our bank and credit union clients.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.