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Jack Henry and Mastercard Expand Collaboration to Address Financial Fragmentation

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Companies use open banking to enable community and regional financial institutions to provide accountholders a consolidated view of their financial experiences across providers

Monett, Mo., October 20, 2022 – Jack Henry™ (Nasdaq: JKHY) announced an expansion of its existing relationship with Mastercard® that will enable credit unions and banks to provide their accountholders the ability to securely see all of their financial accounts – within and outside their primary financial institution – in one place. Together, the companies establish a partnership that makes secure, API-based data-gathering affordable for community and regional financial institutions.

Jack Henry will provide this consolidated view of data through Mastercard’s open banking platform with certain services delivered through Finicity, a Mastercard subsidiary. This will help enable consumers and businesses to make more informed financial decisions and place community and regional financial institutions at the center of their accountholders’ financial lives.

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