MONETT, Mo., Sept. 19, 2018 /PRNewswire/ -- Jack Henry
& Associates, Inc. (NASDAQ:JKHY) is a leading provider of
technology solutions and payment processing services primarily for
the financial services industry. Today, its ProfitStars®
division announced the availability of its Gladiator iPay
Enterprise Security Monitoring™ solution (iPay ESM). iPay ESM is a
web-based monitoring and reporting solution designed to help
financial institutions mitigate online bill pay fraud and comply
with regulations.
More than 2,500 regional and community institutions offer retail
and small businesses online bill pay through iPay Solutions™, a
competitive service that drives revenue and enhances customer
loyalty. Now, iPay bill pay clients can combat fraud while more
easily and efficiently complying with the FFIEC's evolving
regulations for internet banking security.
Scott Pooler, executive vice
president and chief information officer of Watertown Savings Bank,
stated, "In today's dangerous online banking environment, iPay ESM
helps protect our bill pay customers and their accounts while
helping us comply with regulations. The tool flags suspicious
activity almost immediately and alerts us to transactions that may
be fraudulent. This kind of protection is necessary in today's
digital world."
iPay ESM features enhanced fraud analytics that proactively
track strategic bill pay functions and flag items that need
immediate attention. The solution uses analytics to determine if
the behavior is expected and legitimate as compared to historic
data and patterns. The combination of alerts and reduced false
positives enable financial institutions to better manage potential
threats around the clock.
As the latest addition to the proven Gladiator®
Enterprise Security Monitoring™ solution, financial institutions
leveraging iPay ESM benefit from the expertise and support of
Gladiator's proven regulatory compliance and certified security
experts, presenting a cost-effective way to add access to talent
and resources to their organizations. The solution includes
integrated reporting features that can be securely accessed at any
time, allowing financial institutions to easily produce reports for
employees or examiners.
Russ Bernthal, vice president of
Jack Henry & Associates and
president of ProfitStars, added, "Financial institutions face
serious ongoing risks related to payments fraud in today's complex
online business environment. Our iPay ESM solution delivers
sophisticated fraud analytics, eases compliance, and provides
powerful reporting capabilities to financial institutions. It
enables banks and credit unions to better protect their retail and
commercial customers' digital transactions, which boosts trust and
ultimately strengthens relationships."
About ProfitStars
ProfitStars®, a division
of Jack Henry & Associates,
Inc.®, helps financial institutions of every asset size
and charter, and diverse corporate entities, proactively identify
and prepare for risks and market changes that could negatively
impact their business. ProfitStars' industry-leading solutions and
services include JHA Payment SolutionsTM, Information
Security & Risk Management, Online & Mobile, Lending,
Financial Performance, and Imaging/Data Management. These solutions
help approximately 9,000 clients mitigate and control risks,
optimize revenue and growth opportunities, contain costs, and drive
future success. Additional information is available at
www.profitstars.com.
About Jack Henry &
Associates, Inc.
Jack Henry
& Associates, Inc.® (NASDAQ: JKHY) is a leading
provider of technology solutions and payment processing services
primarily for the financial services industry. Its solutions serve
more than 9,000 customers nationwide, and are marketed and
supported through three primary brands. Jack Henry
Banking® supports banks ranging from community banks
to multi-billion dollar institutions with information processing
solutions. Symitar® is a leading provider of
information 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 www.jackhenry.com.
JKHY-PS
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SOURCE Jack Henry &
Associates, Inc.