ICBA and ProfitStars Expand Preferred Service Provider Agreement

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Remote Deposit Capture Offers Greater Customer Convenience

Washington, D.C. (Oct. 17, 2019)—The Independent Community Bankers of America® (ICBA) announced today its expanded Preferred Service Provider agreement with ProfitStars® to include its commercial mobile remote deposit capture solution, JHA SmartPay mRDCSM. The service helps businesses deposit checks anytime, anywhere using camera-enabled smartphones and tablets, creating a seamless experience for community bank customers.

“JHA SmartPay mRDC combines the advanced functionality businesses need to manage their day-to-day operations with the risk management and mitigation safeguards community banks require to help ensure a secure, convenient transaction for their customers,” ICBA Services Network Chief Operating Officer Kevin Tweddle said. “ICBA is pleased to once again support ProfitStars in bringing innovative technologies that offer increased efficiency and additional value to our community bank members.”

Through JHA SmartPay mRDC, small businesses can grant access to multiple users, allowing each to deposit multiple checks in a single transaction, deposit checks into multiple accounts, track all deposit activity, and track customer payment information for each deposit.

“Growing deposits remains a primary focus for community banks and an initiative that all remote deposit capture solutions help support – particularly when they provide risk mitigation tools proven to limit fraud,” Greg Adelson, vice president of Jack Henry & Associates and general manager of JHA Payment Solutions™ said. “Expanding commercial payment solutions, such as mobile remote deposit, can help ICBA member banks further distinguish themselves by equipping businesses with the high-demand, convenience-driven services they need to thrive.”

The service also features customizable marketing materials and campaigns to help community banks promote the service to their customers. This is the 17th core-agnostic ProfitStars solution supported by ICBA, among others including commercial lending, bill pay, remittance, digital banking, website services, CECL compliance and profitability services.

About ICBA

The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.

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.

 

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