MONETT, Mo., March 9, 2016 /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 the availability of ECS RDC ConversionSM.
As financial institutions begin to replace legacy or first-generation remote deposit capture (RDC) systems, many are faced with the task of manually converting all merchant profiles into their new system. ECS RDC Conversion assists with replacing legacy RDC solutions with functionality that better addresses current payment trends. It migrates all merchant profile data, eliminating the manual transfer to ProfitStars' Enterprise Payment Solutions™ (EPS), an integrated payment processing suite. The service also easily handles acquisition scenarios that involve new or unfamiliar third-party RDC technology.
EPS is currently leveraged by more than 1,500 financial institutions and 500,000 business locations. The engine provides multiple touchpoints through which merchants can process a wide variety of payments, including checks, ACH, and card transactions. A convenient, scalable platform, EPS can be configured to offer as many or as few payment options as desired while maintaining the flexibility to quickly and easily add more options whenever needed in the future.
Hope B. Moore, IT manager and treasury services manager for Oxford, N.C.-based Union Bank, stated, "We wanted our payments platform upgrade to be as seamless as possible – for both our bank and its merchants. ECS RDC Conversion created new profiles for more than 150 of our merchant customers using just a spreadsheet from the old system. It was a refreshingly simple process."
ProfitStars' Enterprise Conversion Solutions (ECS) team offers a strong track record of seamlessly converting and maintaining data from any platform. Its experts have managed data conversion projects for more than 1,000 financial institutions, including more than half of the largest 100 domestic banks. Its team of conversion development staff is the largest in the financial services industry.
Russ Bernthal, president of ProfitStars, added, "Adopting a more sophisticated payments platform can be daunting if financial institutions do not have a data conversion plan in place. ECS RDC Conversion automates previously manual processes in order to meet a business need for efficiency, accuracy and ease in the change. It is part of ProfitStars' ongoing commitment to improve the performance of financial institutions by offering smart business solutions."
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, JHA 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 technology solutions and payment processing services primarily for the financial services industry. Its solutions serve almost 10,800 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.