MONETT, Mo., April 5, 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 its ProfitStars® division has introduced ECS Web. The online storage and retrieval archive enables financial institutions and diverse businesses outside the financial services industry to reduce the costs required to maintain legacy data archives or merger and acquisition (M&A) systems. ProfitStars hosts the data on its Enterprise Conversion Solutions (ECS) archive and supports the related compliance, auditing, and disaster recovery requirements.
IBERIABANK, a $10 billion institution based in Lafayette, La., selected ECS Web to eliminate the risk of draining storage space from its mainframe and employee resources. Eddie Gammon, senior vice president, bank operations manager of IBERIABANK noted, "ProfitStars' ECS Web is a strategic solution that will enable us to handle future growth opportunities with poise. It gives us access to all of the conversion, storage, and compliance services we need without any substantial investments."
ProfitStars can quickly convert check images, document images, COLD reports and signature cards to ECS Web's more accessible online archive. It offers online research and the ability to print legacy or acquisition data, as well as other types of documents that are scanned into the low-cost online archive solution. Its multi-factor authentication enables multiple users to access the system while still maintaining strict security standards.
David Foss, president of ProfitStars, commented, "ECS Web enables financial institutions and corporations to store document images and vital business data for just pennies per gigabyte. This online storage and retrieval archive offers a seamless conversion process and allows ProfitStars to assume full responsibility for the ongoing storage and maintenance responsibilities. It enables banks and businesses to devote their time to more strategic, growth-enabling activities."
ProfitStars' ECS team has converted more than 400 different types of data from approximately 1,500 clients across the country. Additional information about ECS Web and the link to register for an upcoming complementary webinar is available at the company's imaging knowledge center: http://www.profitstars.com/imaging.
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 at www.profitstars.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 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 more than 3,600 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.