A multibillion-dollar client of Jack Henry & Associates Inc. (Nasdaq: JKHY) has opted to expand its service with the technology company.
West Jordan, Utah-based Mountain America Credit Union, which already uses Jack Henry's Episys system for systemwide automation, is expanding its relationship with Jack Henry by installing image exchange and check imaging software offered by the Monett-based company. The selection followed a due diligence process, according to a news release.
Mountain America, which holds $3.6 billion in assets and counts more than 440,000 members, is installing software from Jack Henry's ProfitStars division, technology designed to electronically process all transaction types. The services also include fraud protection.
"We process hundreds of thousands of check deposits per month," Mountain America Chief Information Officer Alex Barker said in the release. "ProfitStars allows our tellers to be an estimated 30 percent more efficient by streamlining their workflow and reducing back office balancing.
"And when you spread that efficiency across 76 branches, this allows a lot more time for our employees to engage with our membership about other products or services that our members may need, rather than working heads-down performing transactions."
Jack Henry, which claims 11,300 customers nationwide, reported net income of $54 million for its fiscal 2014 second quarter ended Dec. 31, up from $40.5 million in the same quarter a year ago, according to
Springfield Business Journal archives.
JKHY shares were trading at $58.39 as of 9:23 a.m., compared to a 52-week range of $37.90 to $60.34.[[In-content Ad]]
