June 26 – Jack Henry & Associates, Inc., is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division has announced that Banno Mobile™ was named a leader in the IDC MarketScape: North American Mobile Banking Software Solutions 2015 Vendor Assessment (doc #FI254706, March 2015).
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ProfitStars® EPS SmartPay Express™, part of the Enterprise Payment Solutions (EPS) product suite, enables financial institutions to provide custom online payment and donation services for business customers. SmartPay Express processes payments in a hosted environment, managing the security and IT concerns for businesses. The platform provides a custom branded URL address and microsite for each business and supports single or recurring payments from:
- Checking or savings accounts (processed as ACH transactions);
- Credit or debit cards;
- PayPal® accounts; and
- PayNearMe™ cash payments
One of the many ways that SmartPay Express can help community banks become more efficient is by providing the banks’ merchants with a customizable, configurable payments page that works in conjunction with their primary website. It’s an ideal solution for businesses that want to enhance their online revenue streams or increase donations without paying for expensive website modifications.
Because SmartPay Express requires minimal technical setup, it can help both banks and merchants expand their capabilities. It’s perfect for business customers who do not have the IT resources to create an online payments option. ProfitStars also provides a hosted environment to process payments quickly and safely.
SmartPay Express can allow banks to better serve their customers by enabling merchants to choose to take single or recurring payments from checking accounts or credit/debit cards. Users can also take advantage of alternative payment methods such as PayPal or PayNearMe. Additional payment methods will be added to the solution as the payments landscape expands.
In summary, SmartPay Express is a customizable payments site that will fit into a bank’s existing payments strategy with ease. By allowing banks and their customers to set up a site that works best for them, SmartPay Express can serve as an efficient and effective tool that enables both entities to provide the highest level of customer service.
Gladiator® Hosted Network Solutions™ (HNS) is an outsourced IT infrastructure solution that delivers network essentials (servers, storage, network, & operating systems) via JHA’s private cloud. The solution enables financial institutions (FIs) to reap the many cost & efficiency benefits associated with a hosted infrastructure model while leaving the burden of IT mgmt responsibilities to our IT, security, & compliance experts. Further, it allows FIs to repurpose IT resources to focus on more strategic initiatives.
HNS is deserving of an Innovative Solutions Award for delivering the broad range of value & benefits to FIs as follows:
- FFIEC/OCC Oversight, Compliance, & Risk Avoidance
All JHA hosted services are under direct FFIEC oversight. HNS transfers to our experts the risk of disaster avoidance, hardware replacement, & ensuring systems are not compromised.
- The Freedom to Stop Chasing Hardware & Shift IT Focus
FIs find it increasingly difficult to implement & support their in-house IT infrastructures. HNS allows them to get off the ‘revolving technology wheel’ and let Gladiator take on the analysis, implementation, support, & risk of maintaining network hardware.
- Disaster Avoidance (DA)
JHA has implemented one of the most robust DA processes in the industry, and this is the same methodology used for HNS. At least twice a year we transition from two data centers, operating from both sites for at least 45 contiguous days. This redundancy removes the risk of disaster recovery from the FI’s disaster planning equation. This is significant in the eyes of auditors.
- Consumption-Based Services with Dynamic Scaling
HNS uses the consumption model based on the amount of resources being used at any given time. These services are metered, scaling up & down based on the applications being used or retired, delivering huge flexibility for optimal utilization of FI resources.
May 18 – Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars division has announced that more than 600 financial institutions are leveraging its Remote Deposit Anywhere (RDA) solution.
February 5 – Jack Henry & Associates, Inc., is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars division has announced that iPay Solutions is offering payments with the NACHA Bill Payment Exception (BPE) Mitigation Opt-In Program. NACHA — The Electronic Payments Association, developed the program to improve the reliability of online banking bill pay and reduce checks issued in association with bill pay exceptions. The result will improve efficiency both for billers and bill pay originators.
February 3 – Jack Henry & Associates, Inc., is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars division today announced the addition of the iPay bill pay, BillSimple and Banno Mobile solutions to the Independent Community Bankers of America (ICBA) Preferred Service Provider program.
The digital product suite includes:
- iPay Consumer Bill PayTM, an online bill pay solution;
- iPay Business Bill PayTM, an online bill pay solution designed specifically for the needs of small businesses;
- BillSimple, a tool for businesses to invoice, collect, track and manage receivables; and
- Banno Mobile, a native mobile banking app with account aggregation.
ProfitStars also added the responsive web design functionality to the current website design and hosting services already in the Preferred Service Provider program along with RemitPlus® Express™ to the existing remittance and lockbox solutions.
Wisconsin-based Bank of Oakfield is one of the ICBA member banks that already leverages responsive web design, Banno Mobile and iPay Consumer Bill Pay for a customized digital banking experience. Kate Larson, marketing coordinator for the bank, explained, “ProfitStars provides us with a perfect blend of functional and attractive digital channels. We easily control content, keeping updates fresh while better engaging with customers. The ability to provide the latest products and services sets us apart from other community banks our size.”
ProfitStars powers the digital channel for thousands of community banks, enabling them to offer highly competitive solutions with all the functionality available in today’s marketplace. iPay Solutions help more than 4,000 community banks and financial institutions strengthen their online and mobile positioning with easy to implement solutions that meet consumer needs. ProfitStars has also launched and supports over 1,500 financial institution websites, many of which are formatted with responsive web design.
Dan Clancy, ICBA executive vice president of services, commented, “Consumers are rapidly adopting the convenience and functionality of digital banking solutions. ProfitStars enables community banks to offer a safe and secure mobile application, along with all of the functionalities that customers demand. Enabling them to manage their finances with ease and convenience further enhances customer relationships and differentiates our community bank members.”
Russ Bernthal, president of ProfitStars, added, “Community banks rely on their digital channels to maintain the relationships and convenience that set them apart. Customers expect mobile and web services with heightened functionality; the analytics and reporting available through Banno Mobile, combined with additional iPay payments solutions, can position more ICBA member banks for growth and success.”
Other ProfitStars services provided to ICBA member banks at exclusive discounted rates include: accounts receivable financing; small business lending; remote deposit capture; and security services.
The Independent Community Bankers of America®, the nation’s voice for more than 6,500 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit www.icba.org.
As a diverse, global division of Jack Henry & Associates, Inc. ® (JHA), ProfitStars® combines JHA’s solid technology background with the latest breakthroughs in six performance-boosting solution groups – Financial Performance, Imaging, Payment Solutions, Information Security & Risk Management, Retail Delivery, and Online & Mobile.
Explore the power of ProfitStars-enhanced performance at www.profitstars.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar® is the leading provider of information processing solutions for credit unions of all sizes.
ProfitStars® provides best-of-breed solutions that enhance the performance of domestic and international financial institutions of all asset sizes and charters using any core processing system, as well as diverse corporate entities. 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.
October 6 — Data Center Inc., the privately owned developer of the iCore360 core banking software and related technologies, has announced its acquisition of the TeleWeb suite of Internet and mobile banking software products from the ProfitStars division of Jack Henry & Associates in Allen, Texas. The terms of the transaction were not disclosed.
April 11 – Online Banking Solutions has announced it has partnered with ProfitStars, a leader in software, solutions, and technology innovation for financial institutions, to provide complementary online banking services to financial institutions using the Messenger Financial Center online business banking platform.
Sept 16 – Jack Henry & Associates Inc. (Nasdaq: JKHY) is a provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars division has announced the addition of Remote Deposit Anywhere to the Independent Community Bankers of America Preferred Service Provider program.