MONETT, Mo., June 17, 2015 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division announced today that Banno Mobile™ was named a leader in the IDC MarketScape: North American Mobile Banking Software Solutions 2015 Vendor Assessment (doc #FI254706, March 2015).
Banno Mobile is a native mobile banking application for both iOS and Android that integrates with any core processing system, offering financial institutions of all sizes a quick, cost-effective way to deploy mobile services. ProfitStars attributes the solution's leading posture to its high levels of customer satisfaction, features and functionality, steady growth, as well as the stability and internal resources provided by Jack Henry & Associates.
Russ Bernthal, president of ProfitStars, commented, "Mobile banking has become a primary differentiator in customer acquisition and retention. The industry is transitioning its digital channel from a self-service strategy to focusing on the user experience. Consumers expect financial institutions to provide the same customer-friendly experience as the industry leaders that they know well, like Google and Amazon. At ProfitStars, we are committed to meeting that expectation. This recognition from IDC MarketScape highlights the heightened usability of Banno Mobile, as well as its focus on the features that will make a difference in today's mobile-first society."
Banno Mobile's features include account aggregation, smart merchant details, branch and ATM geolocation search, photo uploads of receipts and checks, account-to-account transfers, bill pay, and remote deposit capture. Banks and credit unions can market Banno Mobile consistent with their own brand identity, earning recognition as innovative, trusted service leaders. Banno Mobile is also a part of the Independent Community Bankers of America (ICBA) Preferred Service Provider program.
This IDC Financial Insights report provides an IDC MarketScape assessment of North American mobile banking payment solutions and compares the major vendors based upon standard criteria as well as interviews with reference customers. It is intended to help financial institutions in their purchasing decisions as they look to offer more payment-related services through their mobile channel.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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 almost 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 a 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. 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.