FOR IMMEDIATE RELEASE

Alogent Extends Deal with World’s Largest Item Processing Outsourcer Adding $13 Million

-Nine-year contract with iPSL now totals $31M-

ATLANTA, May 28, 2002 – Alogent Corp., a developer of payment transaction processing solutions for global financial institutions and remittance processors, announced it has extended the terms of its contract with iPSL (Intelligent Processing Solutions, Ltd.) to provide the strategic check processing software platform to include product maintenance and support for an additional $13 million.  The scope of the nine-year agreement with the world’s largest item processing outsourcing joint venture now totals $31 million.

“Alogent is heavily focused on our product and infrastructure to support growth and scalability,” said Alogent COO Ilaria Derr.  “Our accomplishments to date and ongoing success with obtaining long-term contractual commitments clearly validate that our customers have confidence in what we are doing.  The Alogent team could not be more enthused to have broadened the scope of our relationship with iPSL and the world-class financial institutions it serves.”

iPSL, based in the United Kingdom (UK), is an outsource processing joint venture formed by Lloyds TSB Bank plc, Barclays Bank plc, HSBC Bank plc and Unisys that provides check and credit clearing for the partners and their clients.  iPSL is the single largest item processor in the UK, currently clearing almost half of the UK’s checks and expects to increase this volume to almost 70 percent by year’s end.

Alogent will receive the bulk of the additional support revenue over the next three years.  The extension of the contract also covers offerings for product updates and upgrades from Alogent over the course of the relationship.

Alogent’s role in the outsource venture is the delivery and implementation of its Sierra Clearing system as the core check clearing software platform for iPSL.  Sierra Clearing is a key enabling technology because it provides open architecture processing efficiencies through flexible workflows and minimized exceptions, Web-based software for data and image processing, and a structured rules engine for banks to change processing rules as business needs change.

To achieve the benefits of end-to-end integration, the member banks may choose to use Sierra Xpedite, the company’s flexible deposit automation product, to capture and process transaction data and related information at branch teller counters and branch back offices.  Sierra Clearing can also accept data from in-house branch data capture systems. iPSL member Lloyds TSB currently uses Sierra Clearing for its central processing platform and Sierra Xpedite in its retail branch network for image-based deposit automation.

About ProfitStars

ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at www.profitstars.com.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar(TM) is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars(R) provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.

Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.

SOURCE Jack Henry & Associates, Inc.

http://www.jackhenry.com