FOR IMMEDIATE RELEASE
ICBA and ProfitStars Enhance Preferred Service Provider Relationship
Washington, D.C. (September 10, 2013)—The Independent Community Bankers of America® (ICBA) today announced that it has enhanced its Preferred Service Provider relationship with ProfitStars® to bring the Remote Deposit Anywhere (RDA) solution to community banks. This new remote deposit solution enables community banks to offer individual and small business customers the option to deposit checks from a compatible smartphone, camera-enabled tablet device or flatbed scanner.
"Both individual and business consumers are quickly embracing the convenience offered by mobile banking technology,' said Dan Clancy, executive vice president of services at ICBA. "Remote Deposit Anywhere offers a great convenience to community bank customers by enabling them to make deposits without visiting a physical bank branch while also automating and streamlining the deposit process for the bank."
The Remote Deposit Anywhere service offers an intuitive user interface and takes advantage of image processing technologies that ensure accuracy and correct any distortions of the check image. By providing a simple self-serve channel for deposits, community banks can deepen their relationships with their customers by increasing loyalty and entrenchment while also creating cost savings through reduced branch traffic.
"Our community bank has been working with ProfitStars' various Enterprise Payment Solutions since 2007. During this time, they have been wonderful to work with, showing an eagerness to listen and taking a 'hands on' approach ensuring that the solutions bring value to our bank," said Pamela Judson, cash management director/FVP of MidSouth Bank in Lafayette, La. and member of the RDA Users' Group. "RDA opens up a whole new world for bankers because our customers can bank with MidSouth from anywhere. Because our bank offers this service, customers who have moved from the local area have chosen to continue to bank with us."
"We are excited to once again expand our relationship with ICBA and we are committed to meeting the critical business needs of their member banks," said David Foss, president of ProfitStars. "Our remote deposit solutions enhance the service we provide to regional and community banks by offering the competitive advantage of anytime, anywhere check deposit. Remote Deposit Anywhere offers an outstanding user experience, provides industry-leading imaging technology, and drives material operational efficiencies that will ultimately benefit bank customers."
Deposit data processed through Remote Deposit Anywhere is protected by 256-bit encryption, providing assurance that bank account data is protected. Additional security measures include duplication prevention, deposit limits, and audit trails.
As a diverse, global division of Jack Henry & Associates, Inc.® (NASDAQ: JKHY), ProfitStars combines JHA’s solid technology background with the latest breakthroughs in five performance-boosting solution groups – financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile. Explore the power of ProfitStars-enhanced performance at www.profitstars.com.
The Independent Community Bankers of America®, the nation’s voice for nearly 7,000 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 www.icba.org.