ProfitStars® Announces Mobile Remote Deposit Capture
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Extends Alogent® Remote Deposit Solutions with Smartphone Support
MONETT, Mo. - Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced the addition of mobile remote deposit capture to its comprehensive portfolio of industry-leading remote deposit capture solutions provided by its ProfitStars division and marketed under its Alogent brand. ProfitStars will be integrating its Alogent Mobile Remote Deposit Solution with the patented mobile RDC system provided by Mitek Systems, Inc. (OTC Bulletin Board: MITK). The mobile remote deposit solution will help financial institutions acquire deposits, secure customer and member relationships, and expand geographic and demographic reach.
According to Stacey Zengel, general manager of Imaging Solutions for Jack Henry & Associates, "Given the success of early adopters of mobile remote deposit capture, including a top-tier bank leveraging the Alogent platform to power its offering, we expect a significant number of financial institutions will extend the advantages of remote deposit capture to individuals and small business customers through mobile devices. ProfitStars already supports more than 1,500 financial institutions and 155,000 users through commercial remote deposit. Now, we expect to expand this market success by serving hundreds of thousands of additional users who will be able to conveniently make check deposits anytime and anywhere with their mobile phones."
Alogent Mobile Remote Deposit will support a variety of leading smart phones including Android(TM), iPhone, BlackBerry®, and Windows® mobile devices. Financial institutions using the solution will be able to take advantage of the same proven risk mitigation technologies provided through the Alogent commercial and retail remote deposit offerings. These include deposit limits as well as deposit review and enterprise duplicate detection capabilities.
ProfitStars will implement advanced mobile image technologies from Mitek Systems, Inc. to help ensure customers have the highest quality user experience with mobile remote deposit, consistent with what they have come to expect across all of its multi-channel solutions. The Mitek IMagePROVE(TM) platform facilitates maximum acceptance rates and helps minimize exceptions, helping to ensure accurate and efficient mobile deposits.
Jim DeBello, president and CEO of Mitek Systems, Inc., said, "We are excited to work with Jack Henry & Associates and are honored that it has chosen Mitek to support its mobile remote deposit solution. Jack Henry & Associates' leadership and track record in the remote deposit capture space, combined with Mitek's strengths in mobile image capture and advanced mobile image analytics, provide a compelling solution for mobile deposit that is now more accessible than ever before."
ProfitStars has also recently launched an online Remote Deposit Capture Knowledge Center - discover.profitstars.com/remotedepositexpert - to assist customers and prospects with achieving all of the benefits of remote deposit capture. The knowledge center is an educational resource for disseminating relevant and timely information to any financial institution wanting to begin, grow, or enhance its remote deposit offering, while also creating awareness of the breadth and depth of ProfitStars' comprehensive remote deposit and related solutions.
About Mitek Systems, Inc.
Mitek Systems (OTC Bulletin Board: MITK), an innovator of advanced image analytics and mobile document capture applications for smartphones, has created the Gold Standard for Mobile Check Deposit. For more than 20 years, the Company has developed a comprehensive suite of intelligent character recognition software used to test, clean, authenticate and extract data from imaged checks, documents and objects, and its software is used to process more than 10 billion items per year. For more information about Mitek Systems, contact the company at 858-503-7810 or visit www.miteksystems.com.
About ProfitStars
ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available 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 11,200 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar(TM) 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 banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. Additional information is available at www.jackhenry.com.
SOURCE Jack Henry & Associates, Inc.
CONTACT: Press, Jacqueline Scheider, ProfitStars Marketing Manager, +1-770-752-6410
Web Site: www.miteksystems.com
