ProfitStars(R) Enhances RemitPlus Payment Processing Solution With Key-Pay(R) Convene(TM) Data Completion Service
11 Junho 2008 - 9:00AM
PR Newswire (US)
Next-Generation Data Completion Solution Eliminates Vast Majority
of Exceptions Generated by Character Recognition Solutions MONETT,
Mo., June 11 /PRNewswire-FirstCall/ -- Jack Henry & Associates,
Inc. (NASDAQ:JKHY), a leading provider of integrated technology
solutions and data processing services for financial institutions,
today announced that its ProfitStars division has enhanced
RemitPlus, its enterprise payment system that automates electronic
check deposits, with the Key-Pay Convene data completion solution
provided by Orbograph Ltd. RemitPlus is an automated remittance
processing and electronic deposit solution that enables diverse
businesses to scan and capture images of checks and payment
vouchers, stubs, or coupons. The paper checks are converted into
electronic transactions that are processed via ACH or through the
Check 21 image exchange network. Selected identifiers from the
vouchers, stubs, or coupons are stored and the business' accounts
receivable system is automatically updated. Automated payment
processing solutions typically require that users manually enter
data that is unreadable by automated character recognition
solutions. Key-Pay Convene automatically routes unreadable data to
offsite, certified personnel for keying and supports virtually 100
percent of free- form, semi-structured text and all handwritten
characters. Unlike other data completion solutions, Key-Pay Convene
receives and processes only the data components or "snippets" that
are not read automatically. The entire check or payment form is not
sent to the keying source, which ensures consumer privacy with an
embedded transparent remote keying solution. David Foss, general
manager of ProfitStars, said, "Key-Pay Convene enhances RemitPlus
with a new level of speed, accuracy, and efficiency for the
document scanning process. The combination of RemitPlus and Key-Pay
Convene enables us to offer diverse businesses a more efficient and
more streamlined payment processing solution. Financial
institutions, nonprofits, churches, city and county governments,
utility companies, and many other businesses can now fully automate
payment processing without the inherent challenge of deciphering
forms or check writers' penmanship. This next-generation data
completion solution eliminates nearly all of the exceptions
generated by traditional character recognition solutions." About
Orbograph Orbograph, a subsidiary of Orbotech (NASDAQ/NM: ORBK), is
a leading developer of recognition solutions for the U.S. check
processing and business process outsourcing markets. Orbograph's
technologies are in use at hundreds of banks, financial
institutions, and service bureaus across North America, processing
millions of documents each day. Through its recognition solutions,
fraud detection, business process outsourcing technologies, and
image quality assurance applications, Orbograph enables customers
to reduce costs, improve operational efficiencies, and achieve
rapid ROI. For more information please contact
http://www.orbograph.com/ or (978) 901-5048. About ProfitStars
ProfitStars, a division of Jack Henry & Associates, Inc.,
provides best-of-breed solutions that improve the performance of
financial institutions of all asset sizes and charters, and diverse
corporate entities. These solutions facilitate revenue and growth,
risk mitigation and control, and cost control and complement
virtually any core information processing platform. Additional
information is available at http://www.profitstars.com/. About Jack
Henry & Associates, Inc. Jack Henry & Associates, Inc.
(NASDAQ:JKHY) is a leading provider of computer systems and
ATM/debit card/ACH transaction processing services primarily for
financial services organizations. Its technology solutions serve
more than 8,700 customers nationwide, and are marketed and
supported through three primary brands. Jack Henry Banking(TM)
supports banks ranging from de novo to mid-tier institutions with
information and transaction processing solutions. Symitar(TM) is
the leading provider of information and transaction 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. Additional information is
available at http://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. DATASOURCE: Jack
Henry & Associates, Inc. CONTACT: Kevin D. Williams, Chief
Financial Officer, +1-417-235-6652, or Jon Seegert, Director of
Investor Relations, +1-417-235-6652, both of Jack Henry &
Associates, Inc. Web site: http://www.jackhenry.com/
http://www.profitstars.com/ http://www.orbograph.com/
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