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 announced the addition of JHA SmartPay mRDC (Mobile Remote Deposit Complete) to the Independent Community Banks of America (ICBA) Preferred Service Provider program.
JHA SmartPay mRDC is a commercial mobile remote deposit capture solution built exclusively for businesses, enabling them to conveniently deposit checks anytime, anywhere using camera-enabled smartphones and tablets. Mobile remote deposits are an easier, more efficient way for businesses to make routine deposits – particularly those with low check volumes or entities with in-the-field representatives. Remote deposits also expedite funds availability and help diverse businesses improve cash flow and working capital.
Greg Adelson, vice president of Jack Henry & Associates and general manager of JHA Payment Solutions™, commented, “Growing deposits remains a primary focus for community banks and an initiative that all remote deposit capture solutions help support – particularly when they provide risk mitigation tools proven to limit fraud. Expanding commercial payment solutions, such as mobile remote deposit, can help ICBA member banks further distinguish themselves by equipping businesses with the high-demand, convenience-driven services they need to thrive.”
JHA SmartPay mRDC provides the unique functionality businesses need, including the ability to accommodate multiple checks in a single deposit and make deposits into multiple accounts. The solution also allows payment data to be added to deposits while tracking all deposit activity. It includes advanced risk mitigation tools and is supported by proven, customizable marketing materials and campaigns. Compatible with camera-enabled iOS and Android mobile devices, JHA SmartPay mRDC leverages the latest video capture technology to provide high image capture rates and an exceptional user experience.
“JHA SmartPay mRDC combines the advanced functionality businesses need to better manage their day-to-day operations with the risk management and mitigation safeguards community banks require to help ensure a secure, convenient transaction for their customers,” ICBA Services Network Chief Operating Officer Kevin Tweddle said. “ICBA is pleased to once again support ProfitStars in bringing innovative technologies that offer increased efficiency and additional value to our community bank members.”
More than 2,300 financial institutions leverage remote deposit services from ProfitStars. This is the 17th core-agnostic ProfitStars solution to be supported by the ICBA, among others including commercial lending, bill pay, remittance, digital banking, website services, CECL compliance, and profitability services.