James Faucette
Morgan Stanley, Research Division
We were talking about earlier we were just kind of on tight schedule between meetings, so I appreciate all of you joining us today to have the conversation with Mimi Carsley, CFO of Jack Henry. I’m James Faucette, lead fintech analyst out of the U.S. covering Jack Henry. So thank you very much for joining us here again at the Nasdaq Conference, Mimi.
So for those that aren’t familiar with your business, Mimi, could you provide a quick overview of the 3 core businesses at Jack Henry as well as some cohort of bank and credit union customers that you serve?
Mimi Carsley
CFO & Treasurer
Sure. So firstly, Jack Henry is a well-rounded financial technology firm. We serve U.S.-based — primarily U.S.-based credit unions and banks with technology solutions. So we have 3 main operating segments. The Core segment, think about your processing systems to take deposits, open accounts, record interest, kind of essentially your GL, if you will, plus ancillary services for processing. That’s our Core system. That’s about 1/3 of our business.
We have 1/3 of our business that is our Payments business. So that’s both card issuance and processing, so primarily debit cards. And then, we have Enterprise Payment Services as well as Bill Pay and now Faster Payment Services. So that’s another roughly, call it, 1/3.
And then, if it’s not Core and it’s not Payments, it falls under our Complementary bucket. And that’s a whole host of services that helps a bank or credit union, so fighting fraud, doing lending, treasury, digital offerings and the like. So pretty much
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