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ProfitStars Introduces Remote Deposit Anywhere: Mobile and Flatbed Remote Deposit Capture Solution

Monday, July 11, 2011

Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of computer systems and electronic payment solutions primarily for financial services organizations, today introduced Remote Deposit Anywhere™, a mobile, tablet device, and flatbed scanner remote deposit capture solution provided by its ProfitStars® division as part of its Enterprise Payment Solutions platform. This ASP solution enables financial institutions to offer retail and small business customers the option to deposit checks from a compatible smartphone, camera-enabled tablet device, or flatbed scanner.

Remote Deposit Anywhere will help banks and credit unions retain and attract new customers and members by expanding the available deposit channels. It will also drive operational efficiencies for the institutions, including reduced labor and operating costs. The hosted technology features end-to-end security and accuracy and compliance services that will be maintained and updated with changing regulations.

According to David Foss, president of ProfitStars, "Smartphone and tablet adoption has been more rapid than initially predicted and Remote Deposit Anywhere enables financial institutions of all asset sizes to meet the growing demand for enhanced consumer convenience which is inherent in these devices. It offers small companies and on-the-go individuals the ability to scan deposits from any location with a variety of devices while enhancing the efficiency and performance of financial institutions."

Remote Deposit Anywhere can complement financial institutions' existing Enterprise Payment Solutions platform or it can be implemented as a stand-alone solution. It can be customized based on business-sized and personal-sized checks, velocity preferences, and limits for mobile-based transactions and traditional deposits.

ProfitStars has a Remote Deposit Capture Knowledge Center available online at http://discover.profitstars.com/remotede... 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.

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 & Payments Processing, Information Security & Risk Management, and Retail Delivery. 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 11,200 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking™ supports banks ranging from de novo 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 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.

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