MONETT, Mo., Oct. 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. Its ProfitStars® division today announced that its iPay Solutions™ Hybrid Risk Model received the BankNews Innovative Solutions Awards for Best eBanking Solution.
The Hybrid Risk Model is the newest of three iPay payment processing models created to provide a more consistent payment experience for financial institutions' consumer online bill payment subscribers. It offers banks control over the flow of funds, risk tolerance, and limit settings for online bill pay.
The 2013 BankNews Innovative Solutions Awards recognize companies that have introduced or significantly enhanced products designed to help community banks become more efficient, expand their capabilities, and ultimately better serve their customers. Recipients of the 2013 awards were chosen by more than 1,500 BankNews readers who voted online at BankNews.com. The Innovative Solutions Awards include four categories: Equipment/Hardware Solution, Consulting/Outsourcing/Training Solution, Management/Operations/Processing Solution, and eBanking (Mobile/Online) Solution.
ProfitStars was previously acknowledged in 2012 in the Consulting/Outsourcing/Training Solution category for its Gladiator eCommercial Security Awareness Training (eCommercial SAT™) solution and received honorable mentions in 2011 in the eBanking Solution category for its Remote Deposit Capture (RDC) Services and its TheWayiPay® person-to-person electronic payments solution.
David Foss, president of ProfitStars, commented, "We are honored to be acknowledged again for a BankNews Innovative Solutions Award among so many distinguished nominees. This recognition is a testament to our commitment to developing the cutting-edge solutions that help our clients capitalize on industry trends and deploy the latest technologies."
Additional information about The Hybrid Risk Model will be featured in the November issue of BankNews.
About BankNews Media Based in Shawnee Mission, Kan., BankNews Media is dedicated to serving the needs of community bankers through a wide range of online and print products and services. Its flagship publication, BankNews, is the leading publication for community banks throughout the United States. The company's Contract Publishing Division offers a range of services to state banking associations, from editorial and advertising sales, to design, printing and mailing. In addition, BankNews Media has been one of the nation's most respected publishers of bank directories for more than 50 years. For more information, visit www.BankNews.com. Follow BankNews on Twitter: @BankNews_Media.
About ProfitStars 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 11,300 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