FOR IMMEDIATE RELEASE

Alogent Technology Expected to Process More Than A Billion Payments In the US in 2002

-Remittance transactions up 20% from previous year-

Alogent Technology Expected to Process More Than A Billion Payments In the US in 2002

ATLANTA, August 5, 2002 – Alogent Corp., a developer of payment transaction processing solutions for global financial institutions and remittance processors, announced its Sierra Clearing technology is on track to process more than 1.1 billion bill payments in 2002. This represents an increase of 20 percent from last year’s transaction volume. Sierra Clearing is Alogent’s accelerated item processing solution for high-volume, central processing environments.  In remittance processing, its item capture technology is used to optimize document transport operation in large, centralized remittance processing facilities.  “This milestone demonstrates the robustness of the item capture technology inherent in our Sierra Clearing product,” said Alogent Vice President of Product Management, Amar Verma. “Alogent’s open-architecture technology is designed to accelerate throughput and boost accuracy for high-volume, high-speed item transports in large central remittance processing operations. The billion plus landmark includes deployments at some of the largest billers in the United States.” Alogent’s open technology includes the following capabilities:

Flexibility that allows user configurable business rules and workflows, eliminating the lead times and costs associated with custom programming. Transport independence that allows optimal operation of a wide range of item capture transports using the same software platform. This alleviates the need to maintain multiple software products to drive capture devices. Accuracy that leverages patent pending data matching technology merging MICR, OCR, and image for unmatched data read rates. This combination even ensures accurate handling of poorly encoded or non-MICR checks printed on inkjet printers. This reduces the cost and effort of manual data entry and error correction.

Alogent technology is used for remittance processing at utilities, telecom, and cable companies across the continental United States. Sierra Clearing also is the core software platform for the outsource item processing conglomerate Intelligent Processing Solutions Limited (iPSL), which processes nearly 70 percent of all checks in the United Kingdom.

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