Jack Henry says it has acquired embedded payments solutions company Victor Technologies. By purchasing Victor from MVB Financial, Jack Henry expands its capabilities in the fast-growing Payments-as-a-Service (PaaS) market, in which financial institutions embed payment services into third-party, non-bank brands, the company said Wednesday (Oct. 1). Founded in 2021 by Jack Henry client MVB, Victor is already integrated with Jack Henry’s SilverLake core bank system and JHA PayCenter. Following this deal, terms of which were not released, Jack Henry plans to expand Victor’s capabilities to serve its Symitar credit union and Treasury Management platform customers, and integrate directly with the new, cloud-native Jack Henry Platform. Advertisement: Scroll to Continue“Victor’s direct integration with Jack Henry’s banking core gives financial institutions greater control and visibility, enabling near real-time reconciliation and reducing risk of overdrafts,” Jack Henry said.