Jack Henry adds mobile remote deposit capture with ProfitStars

Source: Jack Henry & Associates

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.ob). 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™, 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™ 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 - http://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.

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