Jack Henry & Associates Acquires Payrailz

August 9, 2022

Jack Henry & Associates has entered into a definitive agreement to acquire Payrailz, a Glastonbury, Connecticut–based cloud-native, AI-enabled digital payments platform, to expand its payments capabilities. The acquisition strengthens Jack Henry's payments-as-a-service strategy by adding real-time P2P, bill pay, A2A, and other next-generation payment capabilities; financial terms were not disclosed.

Buyers
Jack Henry & Associates
Targets
Payrailz
Location
Connecticut, United States
Transaction Type
Buyout

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