Mobile Banking Solution supports all account types.

Jack Henry Associates Inc. Nov 29, 2007

Press Release Summary:

Offered as extension of financial institutions' Internet banking and retail strategies, goDough enables users to conduct traditional in-branch and online transactions such as balance inquiries, funds transfers between accounts, and transaction viewing. Browser-based solution also enables users to initiate bank-to-bank funds transfers, receive designated alerts, and make mobile payments to entities other than the offering financial institution.

Original Press Release:

Jack Henry & Associates Announces Mobile Banking Solution

- goDough Mobile Banking Provides Natural Extension of Financial Institutions' Internet Banking and Retail Strategies -

MONETT, Mo., Nov. 14 -- Jack Henry & Associates, Inc. (NASDAQ:JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced goDough, its feature-rich mobile banking solution.

goDough, which was developed internally by Jack Henry & Associates, is a browser-based solution. It is device and carrier independent, making it compatible with any web-enabled mobile phone, regardless of make or model, and with all mobile phone carriers.

goDough enables users to conduct traditional in-branch and online transactions such as balance inquiries, funds transfers between accounts, and transaction viewing; and supports all account types, including checking, certificates-of-deposit, money markets, loans, and lines-of-credit. Jack Henry & Associates' proprietary solution will also enable users to initiate bank-to-bank funds transfers, receive designated alerts, and make mobile payments to entities other than the offering financial institution.

In addition to state-of-the-art mobile banking functionality, Jack Henry & Associates will provide professional marketing resources to assist its clients with the promotion of this contemporary financial service and to accelerate adoption rates.

Pete Hopkins, general manager of Internet Solutions for Jack Henry & Associates, said, "Our clients will have distinct reasons for offering mobile banking. For some, mobile banking will be a defensive strategy to respond to competitive offerings. For others, it will be an offensive strategy to bolster competitive distinction and attract new customers and deposits. Some institutions will implement mobile banking in response to customer demand, to offer customers that have resisted online banking another self-service alternative, or to reduce costs primarily related to call center operations. Regardless of the specific reasons for offering mobile banking, we are confident that goDough will provide our bank and credit union clients with a new state-of-the-art banking channel that epitomizes convenience by making financial data and financial transactions available to consumers anytime from literally anywhere."

Brad Kime, president of Irwin Union Bank and an early adopter of goDough, said, "We see mobile banking as a terrific way to simplify our clients' lives. This convenient new service should save our clients time and help them stay more connected to their finances and Irwin Union Bank. Mobile banking is a competitive advantage for Irwin Union especially as we work to attract more retail clients to the bank."

According to Tony Wormington, president of Jack Henry & Associates, "Mobile banking is the next logical financial service when you consider approximately 70 million Americans own cell phones, and that the advancing functionality these phones provide has elevated them from communication tools to personal management devices. Mobile banking is a natural extension of financial institutions' Internet banking and retail strategies, and provides a new retail channel that is especially attractive for individuals that embrace technology. We also believe mobile banking can strengthen existing customer relationships and exit barriers by improving customer service, convenience, and self sufficiency; and will enable our clients to strengthen their competitive position in today's highly competitive financial services marketplace."

goDough is fully integrated with Jack Henry & Associates' three functionally distinct core processing systems for banks -- SilverLake(R), CIF 20/20(R) and Core Director(R) -- and will be fully integrated with its industry-leading core processing system for credit unions -- Episys(R). goDough utilizes the mobile bill payment technology created by Jack Henry & Associates' PowerPay(TM) bill payment solution to transact external payments, but it does not require the implementation of Jack Henry & Associates Internet banking solution (NetTeller(R)).

About Irwin Union Bank

Irwin Union Bank and Trust Company and Irwin Union Bank, F.S.B. (http://irwinunion.com/) are wholly owned subsidiaries of Irwin Financial Corporation (NYSE:IFC) which is headquartered in Columbus, Indiana. Irwin Union Bank and Trust Company was founded in 1871, and today operates locally-managed banks in Indiana, Michigan, Nevada, and Utah. Irwin Union Bank, F.S.B. operates locally-managed banks in Arizona, California, Kentucky, Missouri, Nevada, New Mexico, and Wisconsin. Both companies specialize in providing a broad array of personalized financial services for the owner-operated business, entrepreneurial, and professional markets.

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 8,700 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar(TM) is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars(R) 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 http://www.jackhenry.com/.