MONETT, Mo., April 23, 2013 /PRNewswire/ -- Jack Henry & Associates, Inc.® (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today its ProfitStars® division was honored as a 2013 Payments System Awards recipient by NACHA - The Electronic Payments Association.
ProfitStars' SmartSight® solution received the Kevin O'Brien ACH Quality Award. Named in honor of the late Kevin O'Brien, NACHA's chairperson from 1999 to 2000, the award recognizes best practices in ACH participants' efforts to maintain or improve the quality of ACH services and/or the integrity and reliability of the ACH Network. The 2013 Payments System Awards winners will be recognized during the Payments System Awards Luncheon being held today at 11:30 a.m. during the PAYMENTS 2013 conference at the San Diego Convention Center.
SmartSight is a risk management and business intelligence tool that provides financial institutions with critical decision making information through a convenient, intuitive dashboard. It delivers actionable insights for analysis of cross-channel activity trends while helping users mitigate risk, maintain compliance requirements, and enhance customer relationships.
By deploying SmartSight, Colorado-based Alpine Bank eliminated weeks of labor associated with its annual risk analysis of electronic payments originators. Gidget Hill, electronic banking manager at Alpine Bank, attributes the time-savings to the interactive technology that graphically displays key metrics, such as exceptions and exposure limits, as well as the ability to easily export charts and data. "SmartSight's comprehensive data analysis makes it effortless to stay current on the bank's overall exposure to risk and each customer's transaction activity. It delivers vital information that helps drive faster, better decision-making, and has proven to be invaluable in strengthening our customer relationships."
Bill Phillips, group president of ProfitStars' Enterprise Payment Solutions, added, "We are honored to receive the Kevin O'Brien ACH Quality Award for SmartSight. We appreciate NACHA's recognition of SmartSight's innovative approach to help mitigate cross-channel risk and its ability to empower financial institutions to harness their data to improve quality in the ACH network."
As a diverse, global division of Jack Henry & Associates, ProfitStars combines JHA's solid technology background with the latest breakthroughs in five performance-boosting solution groups – financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and 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 11,900 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community 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 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.\
SOURCE Jack Henry & Associates, Inc.