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Last updated on April 18, 2014 at 8:42 EDT

ProfitStars Introduces Gladiator eBanking Compliance Services

June 25, 2013

- Services help financial institutions address evolving compliance and security standards for eBanking channels -

MONETT, Mo., June 25, 2013 /PRNewswire/ — 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 today introduced Gladiator eBanking Compliance Services. Gladiator eBanking Compliance Services(TM) provides financial institutions a governance framework to establish comprehensive, risk-based standards for customer-facing electronic banking services.

As financial institutions look to maintain a competitive edge and expand online and mobile banking services, many are finding it extremely challenging to offer a convenient customer experience while effectively managing risk and staying compliant with related regulatory requirements. Mobile banking, mobile remote deposit capture (RDC), social media communication, and emerging payment systems require a competent digital strategy that is cost-effective, efficient, and capable of retaining existing customers and gaining new ones.

The custom Gladiator services include a comprehensive policy, risk assessment matrix, and supporting documents based on federal regulatory guidance, industry standards, and best practices for the deployment and management of eBanking services. The framework is based on the FFIEC IT Examination Handbook and E-Banking Booklet with references to FFIEC Authentication Guidance (2005) and the FFIEC Authentication Guidance Supplement (2011).

David Foss, president of ProfitStars, explained, “We may not see specific guidance that addresses home and mobile banking for some time, leaving banks and credit unions in need of clear direction and practical standards. Drawing from the extensive resources and expertise available from Gladiator’s dedicated IT Regulatory Compliance (IRTC) department, financial institutions can now better position themselves for future compliance mandates related to eBanking services.”

About ProfitStars

As a diverse, global division of Jack Henry & Associates, ProfitStars combines JHA’s solid technology background with the latest breakthroughs in five performance-boosting solution groups – financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile. 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 11,600 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking(®) supports banks ranging from community 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 best-of-breed solutions that enhance the performance of domestic and international financial institutions of all asset sizes and charters using any core processing system, as well as diverse corporate entities. Additional information is available at www.jackhenry.com.

Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company’s financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company’s SEC filings that may cause actual results to differ materially from any forward-looking information.

SOURCE Jack Henry & Associates


Source: PR Newswire