jack henry & associates inc (JKHY) Key Developments
Jack Henry & Associates Introduces jhaEnterprise Workflow
Jul 15 14
Jack Henry & Associates Inc. announced the availability of jhaEnterprise Workflow(TM), the fully automated workflow solution that streamlines and standardizes financial institution-defined business processes involving multiple steps, individuals, groups, departments, and systems. jhaEnterprise Workflow supports virtually any process that can be performed with a series of consistent steps. It automatically routes assignments based on established credentials, permission levels, and staff availability while enforcing established approval processes. Automated workflow supports immediate updates to business processes which expedites the ability for financial institutions to respond to evolving regulatory requirements with the ability to immediately update impacted business processes. jhaEnterprise Workflow generates material operating efficiencies; reduces operating redundancies, costs, and risks; improves staff productivity; and reduces labor requirements. Automating complex business processes with jhaEnterprise Workflow reduces time-consuming, labor-intensive, error-prone manual tasks and the redundant data entry historically required for those tasks. jhaEnterprise Workflow also enables financial institutions to enhance customer and member service and responsiveness with streamlined and more efficient business processes and the ability to make better-informed and timelier decisions.
Georgia Bank & Trust Migrates from In-House Processing to Jack Henry Banking Division's Outsourcing
Jun 26 14
Jack Henry & Associates Inc.'s Jack Henry Banking division announced that Georgia Bank & Trust has migrated from in-house processing to the company's outsourced offering, which is provided by JHA OutLink Processing Services. JHA OutLink Processing Services has a national presence that includes a network of three data centers, four image-enabled item processing centers, and strategically located training centers and disaster recovery hot sites.
The Bank of Southside Virginia Deploys Jack Henry & Associates Inc.'s Banno Mobile Solution
Jun 26 14
Jack Henry & Associates Inc. announced that The Bank of Southside Virginia (BSV) has fully deployed its Banno Mobile(TM) solution. This up-to-the-minute financial aggregation app enables financial institutions of all sizes to offer the latest innovative solutions in mobile banking. BSV is experiencing strong demand for Banno Mobile; more than 40% of its online banking customers downloaded the app in the first four months it was offered. Conversion rates are spread across Millennial, Gen X and Baby Boomer customers, and the app has attracted new customers to the bank. Banno Mobile works with any core processing system, providing financial institutions of all sizes with a quick, cost effective way to deploy mobile services. Banks and credit unions can market Banno Mobile consistent with their own brand identity, earning recognition as innovative, trusted service leaders. BSV elected to offer the app in conjunction with iPay Solutions(TM) person-to-person (P2P) payments, bill pay, and Remote Deposit Anywhere(TM) mobile RDC solutions. The BSV Mobile app is available on iTunes and Google Play.
Wesley A. Brown Resigns as Director from Jack Henry Board of Directors Effective June 24, 2014
Jun 25 14
Director Wesley A. Brown resigned from Jack Henry board of directors effective June 24, 2014 due to changes in the terms of his employment at St. Charles Capital, LLC in Denver, Colorado. Mr. Brown had served on the board as an independent director since 2005.
Jack Henry & Associates Inc. Introduces Next-Generation PowerOn Marketplace for Episys Users
Jun 25 14
Jack Henry & Associates Inc. introduced the next-generation of its popular PowerOn Marketplace, which serves credit unions automated by the Episys core system as a collaborative environment for securely exchanging programs and applications that improve system functionality and performance and ultimately operating efficiencies. PowerOn is a sophisticated development tool that enables Episys clients to customize programs and applications within a framework that strictly maintains the integrity of the core system code. With PowerOn, credit unions can self-sufficiently respond to evolving business, user, and data requirements with highly customized solutions that increase operating efficiencies, while reducing operating costs, errors and risks inherent in manual tasks, and the expense required for custom code. The next-generation PowerOn Marketplace enhances the original offering with an array of contemporary features including the option for credit unions to sell their solutions to other marketplace users, the ability to request specific custom solutions, the ability to upload additional file types, and a utility to opt-in for monthly profiles of new and highlighted solutions. The enhanced PowerOn Marketplace also provides the ability for Symitar's business partners and vendors offering third-party solutions to register and use the marketplace to distribute product-specific custom programming solutions.