MONETT, Mo., Oct. 10, 2012 /PRNewswire/ -- Jack Henry & Associates Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division introduced today MaxConnect Interactive™, which offers the hosted integration between clients' core processing system and Margin Maximizer Interactive™ (MMi), a Web-based loan and deposit pricing engine. The solution is supported by Microsoft® Silverlight, its application framework, and Windows® Azure, the cloud computing platform.
ProfitStars' MMi helps financial institutions bring greater control, discipline, and consistency to pricing, enabling them to maximize net interest income and better qualify growth opportunities. It provides all the benefits of cloud computing, including access to configurable pricing capabilities from any location at any time; limitless capacity that can be scaled on demand with an unlimited number of seats at no additional expense; and lower costs due to the elimination of hardware purchases and upgrades, software installation, and on-premise client/server application support.
The availability of MaxConnect Interactive allows financial institutions to more fully benefit from the online management and reporting of MMi, automating the input of all loans and relationships residing within any core system but not previously entered into MMi. The result is increased accuracy of deposit, loan, and relationship data populating the MMi database via regular updates.
According to David Foss, president of ProfitStars, "The evolving regulatory environment, recovering economy, and competition for quality credits challenge most lending departments. What we offer through Margin Maximizer gives lenders the help they need to accurately determine the profitability of each loan and more effectively address dynamic regulatory requirements such as documentation of loan pricing decisions and the impact new capital requirements have on product profitability."
Margin Maximizer clients have outperformed the industry on net interest margin by a 16 basis points average during the last six years, with performance exceeding the industry every quarter during that period.
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, Inc.
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 11,900 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 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.
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