On October 1, 2025, MVB Financial Corp. announced it had signed and closed a definitive agreement to sell all assets and operations of Victor Technologies to Jack Henry & Associates, Inc. The transaction expands Jack Henry’s presence in the Payments‑as‑a‑Service (PaaS) market, adding a vendor that processes billions of dollars in payments each month.
Victor Technologies is an embedded payments solutions provider whose capabilities include disbursements, receivables, cross‑border, escrow, title, e‑commerce, virtual accounts, and digital wallets. The company is already integrated with Jack Henry’s SilverLake core bank system and JHA PayCenter, and Jack Henry plans to extend Victor’s services to its Symitar credit union and Treasury Management platform customers while integrating the platform with Jack Henry’s new cloud‑native Jack Henry Platform.
The acquisition positions Jack Henry to capture growth in the PaaS market, projected to rise from $19.1 billion in 2025 to $43.9 billion in 2029 at a 23.1% CAGR. By adding Victor’s embedded payment capabilities, Jack Henry can offer a broader suite of services to community and regional banks, strengthening its competitive moat and creating new revenue streams for investors.
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