Press Release Summary:
To help monitor and analyze payment activity, SmartSightÂ® provides business and risk intelligence for ProfitStars' Enterprise Payment Solutions (EPS) financial institution clients. Analysis of historical data provides actionable insights, and real-time transaction management engine lets users move between historical information and up-to-the-minute processing activity. Also, risk staff can manage customer relationships with access to business, transaction, and image details.
Original Press Release:
ProfitStars Adds Real-Time Risk Management Component to SmartSight
- Expanded business intelligence solution offers instant insight into transaction and risk information -
MONETT, Mo. -- 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 the availability of an advanced risk management component for SmartSight(®), a data analytics solution that helps financial institutions monitor and analyze payment activity.
Recipient of NACHA's 2013 Kevin O'Brien ACH Quality Award, SmartSight provides innovative business and risk intelligence for ProfitStars' Enterprise Payment Solutions (EPS) financial institution clients. SmartSight is designed to help banks and credit unions meet the increasing pressure to effectively monitor transactions and gain insight into payment trends.
In addition to providing actionable insights through its analysis of historical data, SmartSight now includes a real-time transaction management engine that allows users to move fluidly between historical information and up-to-the-minute processing activity. This new feature enhances workflow for risk management personnel and assists with maintaining effective oversight of critical data. Risk staff can more easily manage customer relationships with seamless access to business, transaction and image details as well as handle risk item exceptions and returns as they happen. SmartSight's real-time extension adds to its wide range of data analytic capabilities that support financial institutions with improving operational efficiencies and implementing appropriate risk mitigation techniques.
Bill Phillips, group president of ProfitStars' Enterprise Payment Solutions, stated, "Effective risk management tools are increasingly important to financial institutions. SmartSight's new real-time risk management component provides institutions with a powerful addition to help mitigate risk and facilitate compliance with regulatory requirements."
SmartSight is available to ProfitStars' EPS clients that use its comprehensive suite of remote deposit, ACH, and card payment processing solutions.
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.
CONTACT: Analyst Contact: Kevin D. Williams, Chief Financial Officer, (417) 235-6652; Press Contact: Jacqueline Scheider, Senior Marketing Manager, (770) 752-6410