MONETT, Mo. - December 14, 2011 - 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 announced today that it has again been named as the market share leader in remote deposit capture (RDC) and branch capture solutions by Celent.
Individual annual reports published by Celent provide comprehensive reviews of ProfitStars' RDC and branch capture market share, and recognize the company's solutions as the clear and continued marketshare leaders since 2008. The State of Remote Deposit Capture 2011: Signs of a Maturing Market report published Nov. 7, 2011 identified ProfitStars as the market share leader in RDC based on financial institution implementations and licensed end-users. The Imaging in the Retail Channel 2011: Seventh Inning Stretch report published Nov. 30, 2011 named ProfitStars as the branch capture market share leader in terms of end users supported (number of seat licenses sold). The company also ranked among the top three providers of branch capture solutions based on the number of financial institution implementations.
RDC is an electronic payment processing platform that enables businesses to make remote deposits by scanning the checks they receive as payment and converting them into electronic transactions that are then processed through the ACH or Check 21 image exchange networks. Branch capture images checks in designated branches and teller lines, then electronically processes them through the Check 21 network.
Bob Meara, senior analyst for Celent, said, "ProfitStars' solutions continue to hold the industry lead in both branch/teller capture and commercial remote deposit capture based on the number of end users supported. Furthermore, the company leads commercial remote deposit capture, and is one of the top vendors in the branch image capture landscape based on the number of direct financial institution implementations."
ProfitStars offers a variety of check processing solutions to enhance the efficiency and profitability of diverse financial institutions and their customers. Its solutions include both in-house and software-as—a-service (SaaS) applications. ProfitStars supports more than 200,000 business sites with remote deposit capture, more than 100,000 end-users with branch and teller image capture solutions, and more than 1,250 domestic and international financial institutions of all asset sizes with these solutions.
According to David Foss, president of ProfitStars, "Financial institutions clearly realize the benefits of item imaging and we are pleased to offer the industry-leading solutions to optimize those tangible benefits. Celent's most recent RDC and branch capture reports independently document the strong industry adoption of our solutions. Being consistently ranked as the market share leader speaks volumes about the functionality our solutions provide, the sophisticated technology driving them, and the infrastructure and staff providing day-to-day support. We are committed to continually enhancing our imaging solutions to help our clients proactively capitalize on industry trends and deploy the latest technologies."
ProfitStars maintains an online Remote Deposit Capture Knowledge Center and Branch Deposit Automation Online Knowledge Center to assist customers and prospects with achieving all of the benefits of RDC and branch capture, respectively. The knowledge centers are an educational resource for disseminating relevant and timely information to any financial institution that wants to begin, grow or enhance its imaging offerings.
About ProfitStars
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 and Payments Processing, Information Security and Risk Management, and Retail Delivery. Explore the power of ProfitStars' enhanced performance at Profitstars.com.