Panini and Jack Henry & Associates Expand Partnership to Serve Credit Unions

Symitar(TM) Division Joins Well-Established Relationship

DAYTON, Ohio, May 25, 2010 (AllPayNews) -- Panini, the market leader in distributed check capture, has expanded its partnership to include Symitar, a division of Jack Henry & Associates, Inc. (R) and leading provider of core processing solutions for credit unions. Symitar will now offer the Panini Vision X(R) with eventual plans to certify and release the Panini I:Deal(TM), the exclusive check scanners endorsed by the Credit Union National Association (CUNA), with their distributed capture solutions for their credit union customers.

"Panini and Jack Henry & Associates have a well-established, successful partnership providing distributed capture solutions to the financial industry. Both ProfitStars(R), the division of Jack Henry & Associates that provides best-of-breed, performance improving solutions to financial institutions of all sizes and charters, and Jack Henry Banking(TM), the division that provides enterprise-wide technology platforms to community and mid-tier banks, already utilize the Panini check scanner line," said David Foss, President, ProfitStars. "We're excited to now expand our partnership with Panini to include our Symitar division, which provides credit unions of all sizes with core technology solutions, and its extensive credit union customer base."

Panini's recently launched Check 21 initiative designed specifically for credit unions will be leveraged by ProfitStars and Symitar to assist credit unions with implementing teller capture (process of truncating check deposits at each branch teller line) remote deposit capture, or member capture (process of enabling credit union members to scan and transmit check deposits right from their home or office). The initiative, made possible by Panini's recent selection as the exclusive check scanner alliance provider of CUNA Strategic Services (CSS), is comprised of special promotions throughout 2010, joint marketing programs, a strategic channel program, special resources for credit unions and Panini's world-leading check capture solutions.

"ProfitStars and Symitar have a tremendous amount of experience with credit unions, so we look forward to leveraging our relationship and combining efforts to provide state-of-the-art solutions specific to this market," adds Doug Roberts, President, Panini North America.

About ProfitStars

ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at www.profitstars.com.

About Symitar

Symitar, a division of Jack Henry & Associates, Inc., is the leading provider of integrated computer systems for credit unions of all sizes. Symitar currently serves more than 700 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information about Symitar is available at www.symitar.com.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (JKHY 24.04, -0.19, -0.78%) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar is the leading provider of information and transaction 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. Additional information is available at www.jackhenry.com.

About Panini

Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company's expertise in research & development. Panini's market leading solutions are based on state-of-the-art engineering resources and ISO 9000 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini's scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, corporate capture, cash vault, microfilm replacement and remittance processing. For more information please call 937.291.2195 or visit www.panini.com.

SOURCE: Panini

PANINI
Jessica Back, Public Relations, 937-291-2195 x128
jessica.back@panini.com
or
ProfitStars
Jacqueline Scheider, Marketing Manager, 770-752-6410
jscheider@profitstars.com