More than 1,000 banks and credit unions leveraging EPS products can now effectively address growth barriers related to remote deposit capture (RDC) and ACH by measuring and tracking activity at specific points as well as trends over time. Such actionable insights enable executives, senior operations staff, and risk management departments to reduce risk and enhance strategic business decisions. Bill Phillips, ProfitStars' EPS group president, commented, "From a competitive standpoint, SmartSight is a game changer for our customers. Not only does it provide management with a more accurate performance assessment for their RDC and ACH business customers, but it also provides the knowledge and foresight to acquire and monitor new customers.
There is still significant room for growth among RDC and ACH services to businesses, and SmartSight has the potential to drive those results for any financial institution." Being able to concisely view essential information and conduct analysis to determine point-in-time status or assess trends without manual aggregation is significantly valuable to financial institutions. The SmartSight dashboard offers EPS clients convenient anytime availability of data that historically has required up to several days at month-end to aggregate. Information can also be exported as reports or graphical "snapshots" for communication and additional reporting purposes throughout the institution. FFIEC guidance requires that banks and credit unions monitor RDC and ACH transaction activity and risk. In addition to providing data that will assist in meeting FFIEC examiner expectations, SmartSight gives financial institutions the knowledge to optimize areas of success and adjust to shifts in the marketplace. About ProfitStars As a diverse, global division of Jack Henry & Associates, ProfitStars combines JHA's solid technology background with the latest breakthroughs in four performance-boosting solution groups - Financial Performance, Imaging and Payments Processing, Information Security and Risk Management, and Retail Delivery.
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 technology solutions and payment processing services primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar(TM) is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars 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.
iPay Technologies(TM) operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. 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.
