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Jack Henry Acquires Fraud Prevention Firm

MONETT, Mo. - It seems like everyone wants to get into fraud prevention these days. Jack Henry & Associates, the parent company of credit union data processor Symitar Systems, has done just that. Jack Henry has acquired Yellow Hammer, a provider of a suite of fraud prevention software. Yellow Hammer's...

By Staff Writer | Updated on February 17, 2004

MONETT, Mo. – It seems like everyone wants to get into fraud prevention these days. Jack Henry & Associates, the parent company of credit union data processor Symitar Systems, has done just that. Jack Henry has acquired Yellow Hammer, a provider of a suite of fraud prevention software. Yellow Hammer’s flagishop product is FraudDetective, which will be available to all Jack Henry financials immediately. Yellow Hammer, located in the greater Birmingham, Alabama area, employs 10 people. They will be integrated with a Jack Henry office in Birmingham that employs 80. “Yellow Hammer will continue to operate as a wholly-owned subsidiary and will market products and services to both our bank and credit union segments,” said Jack Prim, president of Jack Henry. -

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