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IBERIABANK selects archive to support legacy and acquisition data
MONETT, Mo., April 5, 2011 –/PRNewswire/– Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of computer systems and electronic payment solutions primarily for financial services organizations, today announced that its ProfitStarsÂ® division has introduced ECS Web. The online storage and retrieval archive enables financial institutions and diverse businesses outside the financial services industry to reduce the costs required to maintain legacy data archives or merger and acquisition (M&A) systems. ProfitStars hosts the data on its Enterprise Conversion Solutions (ECS) archive and supports the related compliance, auditing, and disaster recovery requirements.
IBERIABANK, a $10 billion institution based in Lafayette, La., selected ECS Web to eliminate the risk of draining storage space from its mainframe and employee resources. Eddie Gammon, senior vice president, bank operations manager of IBERIABANK noted, “ProfitStars’ ECS Web is a strategic solution that will enable us to handle future growth opportunities with poise. It gives us access to all of the conversion, storage, and compliance services we need without any substantial investments.”
ProfitStars can quickly convert check images, document images, COLD reports and signature cards to ECS Web’s more accessible online archive. It offers online research and the ability to print legacy or acquisition data, as well as other types of documents that are scanned into the low-cost online archive solution. Its multi-factor authentication enables multiple users to access the system while still maintaining strict security standards.
David Foss, president of ProfitStars, commented, “ECS Web enables financial institutions and corporations to store document images and vital business data for just pennies per gigabyte. This online storage and retrieval archive offers a seamless conversion process and allows ProfitStars to assume full responsibility for the ongoing storage and maintenance responsibilities. It enables banks and businesses to devote their time to more strategic, growth-enabling activities.”
ProfitStars’ ECS team has converted more than 400 different types of data from approximately 1,500 clients across the country. Additional information about ECS Web and the link to register for an upcoming complementary webinar is available at the company’s imaging knowledge center: http://www.profitstars.com/imaging.
About Jack Henry & Associates, Inc.
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, Inc.
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