Jack Henry & Associates acquires Payrailz to expand digital payment capabilities

JACK HENRY & ASSOCIATES INC

Acquires Payrailz, CT-based provider of AI-driven, cloud-native digital payment solutions for consumers and businesses.
Payrailz adds real-time P2P, A2A, B2C payments, and bill pay to Jack Henry's payments ecosystem.
Financial terms not disclosed; acquisition expected to close August 31, 2022.
Supports Jack Henry's payments-as-a-service strategy and open banking commitment.
Payrailz CEO Fran Duggan highlights growth opportunities and access to Jack Henry's client base.

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