News & Articles

ICBA Grows ProfitStars Relationship

Mar 28, 2017
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Agreement includes data conversion and migration tools, e-presentment and payment solution

Washington, D.C. (March 28, 2017)—The Independent Community Bankers of America® (ICBA) today announced that it has expanded its Preferred Service Provider Program with ProfitStars®, a division of Jack Henry & Associates, Inc.® (NASDAQ:JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry. The expanded Preferred Service Provider Program will now include ProfitStars’ Enterprise Conversion SolutionsTM (ECS) suite and JHA Enterprise Payment Solutions (EPS) SmartPay Biller Direct℠ solution.

“ICBA is dedicated to helping banks innovate and increase efficiency across all areas of the institution,” said Dan Clancy, executive vice president of services at ICBA. “Enterprise Conversion Solutions and JHA EPS SmartPay Biller Direct give participating community banks access to more secure data conversions and customized payment offerings. These solutions showcase how banks can leverage technology to improve processes and evolve the overall customer experience.” 

Community banks that leverage ProfitStars’ ECS will be able to convert and import legacy system data in a cost-efficient and timely manner. The solutions keep files protected and intact, which increases overall security and compliance. As the largest conversion business in the financial industry, the ProfitStars ECS team has managed data conversion projects for more than 1,000 financial institutions.

“ProfitStars’ ECS has been a valuable tool for converting acquired application data archives,” said Don Gann, senior vice president and chief information officer at First State Community Bank in Farmington, Mo. “Every member of the ECS team is an expert in data conversion, and they go above and beyond to adapt their services specifically for our institution’s unique needs.”

JHA EPS SmartPay Biller Direct, a fully integrated module of JHA’s Enterprise Payment Solutions™ (EPS) SmartPay Suite, allows community banks’ small business customers to upload and manage bill and invoice information on a customizable, branded site. The businesses’ customers can then conveniently view bills and easily make ACH, card, PayPal or other types of payments from their computer, mobile phone or tablet.

“ProfitStars’ Enterprise Conversion Solutions and JHA EPS SmartPay Biller Direct are valuable resources to community banks aiming to improve their digital processes through both data conversion efficiencies as well as e-bill, invoicing and payments,” said Russ Bernthal, president of ProfitStars. “These solutions help community banks increase process efficiency and positively contribute to their bottom lines.”

ProfitStars’ preferred service provider offerings through ICBA include: data migration; electronic bill presentment; enterprise profitability management; online lending; accounts receivable financing; small business lending; remote deposit capture; payment, mobile and web services; and security services.

About ICBA
The Independent Community Bankers of America®, the nation’s voice for more than 5,800 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.  

About ProfitStars
As a diverse, global division of Jack Henry & Associates, Inc.® (JHA), ProfitStars® combines JHA’s solid technology background with the latest breakthroughs in six performance-boosting solution groups – Financial Performance, Imaging, JHA Payment Solutions, Information Security & Risk Management, Retail Delivery, and Online & Mobile. Explore the power of ProfitStars-enhanced performance 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 10,000 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.


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