– Financial Services Organizations Leverage Turnkey Solution to Offer
High-Demand Property and Casualty Products –
Monett, MO – June 22, 2006 - Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated computer systems and ATM/debit card/ACH transaction processing, today announced that its ProfitStars Insurance Agency Solutions Group has been contracted to provide its outsourced property and casualty (P&C) insurance agency solution for three financial services organizations – Louisiana-based Red River Bank, Texas- and Oklahoma-based First National Bank of Weatherford, and Tennessee-based ORNL Federal Credit Union.
The ProfitStars Insurance Agency Solutions Group enables financial institutions to own complete insurance agencies without the significant capital investments required to build or buy agencies, or the inherent operational and reputation risks. Through a cost-effective outsourcing service, financial institutions leverage ProfitStars’ turnkey insurance agency solution to offer the high-demand personal and commercial lines of insurance that are provided by many of the industry’s leading carriers. This turnkey insurance distribution solution also provides proven sales professionals and strategies; complete back-office services; and ongoing access to insurance industry experts.