Fintech innovations coming in 2020 for credit unions. Source: Shutterstock.

Jack Henry & Associates, Inc., headquartered in the southwest Missouri town of Monett, announced Tuesday that it entered into a definitive agreement to acquire the digital payments company Payrailz in Glastonbury, Conn., for an undisclosed amount.

The purchase will add to Jack Henry’s digital payment capabilities to grow its offerings of real-time P2P payments and artificial intelligence-driven solutions for credit unions and banks.

Michael Ogden

Editor-in-Chief for CU Times.

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