MONETT, Mo., March 12, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced goDough, its state-of-the-art mobile banking solution, has been adopted by 54 of its core banking clients. goDough is the browser-based solution developed internally by Jack Henry & Associates and introduced in November 2007. goDough has been installed by 19 of these 54 banks and is now supporting subscribers of nine nationwide mobile service carriers.
goDough, which is compatible with any mobile device and carrier, enables bank customers to conduct traditional in-branch and online transactions such as balance inquiries, funds transfers between accounts, and transaction viewing; and supports all account types, including checking, certificates-of-deposit, money markets, loans, and lines-of-credit. This proprietary solution also enables users to receive designated alerts and make mobile payments to entities other than the offering financial institution.
First National Bank of Edinburg, Texas is among the first 54 banks to implement goDough. According to Eddie Leal, the bank's Comptroller, "Mobile banking is a natural extension of our Internet and retail strategies, and another way for us to enhance customer convenience, self-sufficiency, and service. Mobile banking also provides a new banking channel that is especially attractive to our younger and technology-focused customers. The product was easy to install and the feedback from our customers has been very positive. We are excited about the opportunity to expand and strengthen our customer relationships and to compete more aggressively by offering this convenience-driven service."
Stan Viner, general manager of sales for Jack Henry Banking(TM), said, "Our first 54 goDough clients have cited distinct reasons for offering mobile banking. Some of these banks view mobile banking as a proactive strategy that enables them to meet growing customer demand, to attract new customers and deposits, and to strengthen their competitive positioning, while others consider mobile banking to be a defensive strategy that responds to competitive offerings. goDough's early adoption rate among our bank clients has been very rewarding, and we are confident the ability to optimize customer convenience with this contemporary banking channel will continue to generate strong interest among our core bank clients."
goDough is fully integrated with Jack Henry Banking's three functionally distinct core processing systems -- SilverLake(R), CIF 20/20(R), and Core Director(R) -- and is currently being beta tested with select credit unions automated by the Episys(R) core processing system provided by Jack Henry & Associates' Symitar(TM) division.
About Jack Henry Banking
Jack Henry Banking, a division of Jack Henry & Associates, Inc. (Nasdaq: JKHY), is a leading provider of integrated computer systems for banks ranging from de novo to mid-tier institutions. Jack Henry Banking currently serves approximately 1,700 banks as a single source for integrated, enterprise-wide automation; and as a single point of contact and support. Additional information is available at http://www.jackhenrybanking.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 8,700 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars(R) 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 http://www.jackhenry.com.
Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.
SOURCE Jack Henry & Associates, Inc.
http://www.jackhenry.com
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