Alogent team outperforms in multi-channel deposit automation delivery as bank’s strongest vendor alliance
DALLAS, July 31, 2013 – ProfitStars, a division of Jack Henry & Associates, Inc.® (NASDAQ:JKHY) that provides solutions to improve the performance of financial institutions and diverse corporate entities, today announced its recognition as KeyBank’s Software Operations Strategic Partner of the Year. KeyBank makes the annual award based on working relationships with vendors and vendors’ overall performance.
ProfitStars was evaluated on criteria including vendor value adds such as responsiveness to KeyBank’s needs outside of contractual obligations, initiative to modify/improve practices or products if necessary, and proactive exposure to “next generation” solutions. Cleveland-based KeyBank has $90.6 billion in assets as of June 30, 2013, with 1,076 branches located throughout 14 states.
KeyBank has deployed ProfitStars’ Alogent® Front Counter™ teller image capture solution at every teller station in its 1,076 branches, and has rolled out Alogent Commercial Remote Deposit™ to more than 5,500 seats. KeyBank also markets Alogent Mobile Remote Deposit™ to its customers and has begun to introduce Alogent Image ATM™ to its 1,482 ATM network. All activity is fed through the Alogent Payments Gateway™, a single solution for processing both image and paper check transactions across all intra- and inter-bank points of presentment.
David Foss, president of ProfitStars, commented, “It is a special privilege to count KeyBank as a long-term, valued client and to be recognized by the bank as a valuable and responsive partner. Much of the credit for this relationship’s success is due to KeyBank’s own commitment to achieving continued efficiencies and aggressive growth strategies.”
KeyBank has leveraged Alogent solutions for progressive, high-volume branch deposit automation technology for more than 10 years. Throughout the relationship, largely the same Alogent individuals – from sales to account management to support – have been its contacts. KeyBank attributes ProfitStars’ ability to collaborate with them on creative solutions that drive the bank’s initiatives to increase client value, control costs, and enable future growth as evidence for receiving this award.
As a diverse, global division of Jack Henry & Associates, 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
About Jack Henry & Associates
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of computer systems and electronic
payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300
customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking®
supports banks ranging from community to mid-tier institutions with information processing solutions. Symitar®
is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides
best-of-breed solutions that enhance the performance of domestic and international financial institutions of
all asset sizes and charters using any core processing system, as well as diverse corporate entities. Additional
information is available at www.jackhenry.com