Image via CrunchBaseRecently created executive position provides oversight of one of Jack Henry & Associates' fastest growing business lines -
MONETT, Mo., Aug. 9, 2011 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for financial services organizations, today announced that John Postle has been named to the recently created position of general manager of its JHA Payment Processing Solutions® (PPS) division. PPS encompasses Jack Henry & Associates' jhaPassPort suite of ATM and debit transaction processing services, and the payment processing services added through the company's October 2009 acquisition of Pemco Technologies.
Mr. Postle has served for the past 10 years as the manager of the jhaPassPort business line and was instrumental in the acquisition of Pemco Technologies. Effective July 1, 2011, he began providing executive oversight of the development, quality assurance, support, installation, operations, communications, and education departments that support PPS. In his expanded role, he joined the company's senior management team that encompasses functionally aligned general managers, and he will report to Tony Wormington, president of Jack Henry & Associates.
According to Mr. Wormington, "Our PPS business lines continue to experience significant growth in the marketplace and are now processing approximately two billion transactions a year. This strategic business line now generates 19 percent of our company's revenue, so designating a dedicated general manager for this growing business is the best interest of our more than 1,000 financial institution clients and our company. John's extensive experience and working knowledge of ATM, debit card, and credit card transaction processing uniquely qualifies him for this new position. We are confident that John will make ongoing tactical and strategic contributions to this important and growing component of our business."
Mr. Postle's career began in 1978 as a part-time drive-in teller while attending college at the University of Houston. His banking career progressed to roles of increasing operational responsibility including opening a de novo bank in 1985 as vice president/cashier. Following his banking career, Mr. Postle joined a software company in 1998 as chief financial officer and gained experience in mergers and acquisitions which eventually lead to a software firm catering to active traders where he served as a registered representative managing operations of a hosted data center for broker/dealers. He holds a BBA in Finance and lives in Houston, Texas with his wife Kellie and their two sons, Reid and Morgan.
About JHA Payment Processing Solutions (PPS)
JHA Payment Processing Solutions provides payment solutions to the financial industry including ATM, debit, and credit card transaction processing services. These innovative solutions include one of the largest switches in the United States, online real-time transaction authorization and processing, signature and PIN-based processing, access to one of the credit union industry's largest surcharge-free ATM networks, in-house and outsourced fraud prevention and detection solutions, cardholder awards programs, card program management and profitability solutions, card manufacturing and personalization, instant issue and activation, marketing materials and programs, and renowned customer service. Additional information is available atwww.weknowpayments.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for financial services organizations. Its technology solutions serve more than 11,200 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. iPay Technologies™ operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. Additional information is available atwww.jackhenry.com.
