Jack Henry & Associates is four months into an enforcementorder from federal regulators regarding its disaster recovery andbusiness continuity planning processes.
The Monett, Mo.-based company entered into a formal agreementwith the OCC, FDIC and the Federal Reserve to resolve issues aroundthe recovery of operations at a bank item processing facility inLyndhurst, N.J., that was damaged by Hurricane Sandy in October 2012.
The storm caused $13.7 million in expenses at the New Jerseysite, JHA said in a financial performance report last February. Thecompany's top executive said Tuesday that all issues are beingaddressed and resolved.
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