Image via CrunchBaseRelationship supports community banks with greater access to technologies for automating payments management and ACH processing -
MONETT, Mo., July 27, 2011 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of computer systems and electronic payment solutions primarily for financial services organizations, today announced that the Bankers' Bank ofKentucky has partnered with its ProfitStars® division to offer the OnNet™, ACH Client™, and ACH Manager™ solutions to the more than 200 community banks it serves throughout five states.
Bankers' Bank of Kentucky provides services to community institutions, ranging in asset size from approximately $30 million to $1.5 billion, that would likely be unavailable to them independently. Through its relationship with ProfitStars, these bank clients and their customers are receiving greater access to the payments services necessary to optimize their everyday business opportunities. Bankers' Bank of Kentucky selected ProfitStars' solutions because of their proven ability to positively impact fee income, generate ongoing cost savings, and drive greater processing efficiencies.
Lynn Ellis, first vice president of marketing for Bankers' Bank of Kentucky, said, "Community institutions require robust payments technologies that enable them to effectively compete with larger banks. With ProfitStars' OnNet, ACH Client, and ACH Manager solutions, they can enhance their own performance and ultimately contribute to their financial stability as well as future growth potential."
ProfitStars' OnNet solutions deliver configurable online processes for managing payments, settlement, respondent-to-respondent clearing (R2R), electronic data workflow, and communications between correspondent organizations and their respondents, the Federal Reserve, and other end points. ACH Client is an Internet-based origination solution that delivers the ACH services that commercial clients demand, including direct payroll deposit and direct debit for receivables. ACH Manager enables financial institutions to automate the processing of all outgoing and incoming ACH files as a convenient, fully secure ASP-hosted solution.
David Foss, president of ProfitStars, added, "Bankers' Bank of Kentucky recognizes what community banks need to perform at their best and maximize profitability. Delivering ProfitStars' trusted ACH processing and payments management solutions demonstrates its commitment to these institutions' near- and long-term success."
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 & Payments Processing,Information Security & Risk Management, and Retail Delivery. Explore the power of ProfitStars-enhanced performance atwww.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 11,200 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking™ supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar™ 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™ 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.
