MONETT, Mo., June 27, 2012 /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 today announced that more than 100 banks have selected its Gladiator NetTeller® Enterprise Security Monitoring™ (ESM) solution since the FFIEC Authentication Guidance Supplement deadline was issued in June 2011.
ESM is an automated core monitoring service that integrates directly with Jack Henry Banking's SilverLake System® and CIF 20/20® systems. The comprehensive monitoring solution helps banks respond to the demands of today's regulatory mandates regarding information security threats, with 24/7 monitoring by Gladiator's expert security analysts who have extensive knowledge of the latest fraud trends. It helps protect against outside hacker attempts and unauthorized internal actions that can cause security breaches. Banks leveraging the ESM solution regularly impress auditors with their layered security controls.
NetTeller ESM, designed for banks using Jack Henry Banking's NetTeller Online Banking™ platform, provides an additional layer of security protection for banks to proactively defend their retail and commercial customers from online fraud. NetTeller ESM adds layers of security that track various cash management and online banking activities to help identify ACH/wire fraud and support compliance with the FFIEC Authentication Guidance Supplement issued in June 2011.
ESM fraud analytics enable banks to proactively manage threats by defining pre-emptive measures to track key events and flag items requiring immediate attention. The cross-channel solution monitors internal and online activities using behavioral analytics to determine if activity is expected and legitimate when compared to historic data and patterns, and also uses ACH batch analysis to monitor suspicious transaction activity that could indicate fraud.
Matt Riley, group president of Gladiator Technology, said, "The common theme that we see across dynamic security regulations is the need for solid, proactive planning. We are experiencing a strong demand for our ESM solutions largely because of their comprehensive and proactive approach to cross-channel security. Our integration with NetTeller and Jack Henry Banking's SilverLake and CIF 20/20 core platforms enable community and mid–tier banks to better manage their information security, and gain more peace of mind."
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 11,900 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.
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.