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ProfitStars Introduces Gladiator Enterprise Security Monitoring Module for NetTeller Online Banking Clients
- Online fraud solution helps banks comply with supplemental FFIEC authentication guidance and better protect their customers from cash management fraud -
MONETT, Mo., Oct. 4, 2011 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ:JKHY), a leading provider of computer systems and electronic payment solutions primarily for financial services organizations, announced today the availability of the Gladiator NetTeller Enterprise Security Monitoring(TM) (ESM) online fraud solution, which is available through the company's ProfitStars® division. NetTeller ESM, designed for banks automated by Jack Henry Banking's SilverLake System® and CIF 20/20® core systems and using its NetTeller Online Banking(TM) platform, provides an additional layer of security protection for banks to proactively defend their retail and commercial customers from online fraud.
This new fraud solution tracks various cash management and online banking activities to help combat ACH/wire fraud and comply with recently enhanced regulatory expectations for Internet banking security, published in the June 2011 FFIEC Authentication Guidance Supplement.
Matt Riley, CIO of Gladiator Technology, said, "In today's Internet-driven society, ACH and wire fraud have become major threats to financial institutions and can result in serious financial and reputational consequences. In response, financial institutions must ensure proactive measures are in place to detect online fraud committed against their clients by insidious fraudsters."
In line with the FFIEC's June issuance, the Gladiator NetTeller ESM solution helps banks mitigate the risk of ACH/wire fraud while assisting with conformity with the recent regulatory directive that recommends implementation of a "layered security" approach; more specifically, one that detects and responds to suspicious online banking activity. NetTeller ESM's enhanced fraud analytics enable financial institutions to more proactively manage threats 24x7x365 by defining pre-emptive measures to track key events and flag items requiring immediate attention. The solution evaluates online activities using behavioral analytics to determine if exhibited online account behavior is expected and legitimate when compared to historic data and patterns, and also uses ACH batch analysis to monitor suspicious transaction activity that could indicate fraud.
NetTeller ESM offers online fraud protection for both retail and commercial accounts. Key features include 24x7x365 fraud monitoring by Gladiator's expert security analysts, monitoring of ACH and wire activity, anomaly detection related to successful authentication to the Internet banking system, real-time alert notifications of security events, and easy-to-read-and-understand reports with a regulatory focus.
David Foss, president of ProfitStars, added, "Our knowledge of the NetTeller system and attack vectors, coupled with our deep understanding of FFIEC regulations and the experience of our dedicated Gladiator Security Research department, make us highly and uniquely qualified to assist financial institutions in strengthening their security posture regarding online fraud."
About ProfitStars
As a diverse, global division of Jack Henry & Associates, ProfitStars combines JHA's solid technology background with the latest breakthroughs in four performance-boosting solution groups - Financial Performance, Imaging and Payments Processing, Information Security and Risk Management, and Retail Delivery. Explore the power of ProfitStars-enhanced performance at http://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 11,300 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar(TM) 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. iPay Technologies(TM) operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. 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.
Jack Henry & Associates, Inc.
CONTACT: Analysts, Kevin D. Williams, Chief Financial Officer of Jack Henry & Associates, Inc., +1-417-235-6652, or Press, Jacqueline Scheider, ProfitStars Marketing Manager, +1-770-752-6410
Web Site: http://www.profitstars.com
ProfitStars Introduces Gladiator Enterprise Security Monitoring Module for NetTeller Online Banking Clients
- Online fraud solution helps banks comply with supplemental FFIEC authentication guidance and better protect their customers from cash management fraud -
MONETT, Mo., Oct. 4, 2011 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ:JKHY), a leading provider of computer systems and electronic payment solutions primarily for financial services organizations, announced today the availability of the Gladiator NetTeller Enterprise Security Monitoring(TM) (ESM) online fraud solution, which is available through the company's ProfitStars® division. NetTeller ESM, designed for banks automated by Jack Henry Banking's SilverLake System® and CIF 20/20® core systems and using its NetTeller Online Banking(TM) platform, provides an additional layer of security protection for banks to proactively defend their retail and commercial customers from online fraud.
This new fraud solution tracks various cash management and online banking activities to help combat ACH/wire fraud and comply with recently enhanced regulatory expectations for Internet banking security, published in the June 2011 FFIEC Authentication Guidance Supplement.
Matt Riley, CIO of Gladiator Technology, said, "In today's Internet-driven society, ACH and wire fraud have become major threats to financial institutions and can result in serious financial and reputational consequences. In response, financial institutions must ensure proactive measures are in place to detect online fraud committed against their clients by insidious fraudsters."
In line with the FFIEC's June issuance, the Gladiator NetTeller ESM solution helps banks mitigate the risk of ACH/wire fraud while assisting with conformity with the recent regulatory directive that recommends implementation of a "layered security" approach; more specifically, one that detects and responds to suspicious online banking activity. NetTeller ESM's enhanced fraud analytics enable financial institutions to more proactively manage threats 24x7x365 by defining pre-emptive measures to track key events and flag items requiring immediate attention. The solution evaluates online activities using behavioral analytics to determine if exhibited online account behavior is expected and legitimate when compared to historic data and patterns, and also uses ACH batch analysis to monitor suspicious transaction activity that could indicate fraud.
NetTeller ESM offers online fraud protection for both retail and commercial accounts. Key features include 24x7x365 fraud monitoring by Gladiator's expert security analysts, monitoring of ACH and wire activity, anomaly detection related to successful authentication to the Internet banking system, real-time alert notifications of security events, and easy-to-read-and-understand reports with a regulatory focus.
David Foss, president of ProfitStars, added, "Our knowledge of the NetTeller system and attack vectors, coupled with our deep understanding of FFIEC regulations and the experience of our dedicated Gladiator Security Research department, make us highly and uniquely qualified to assist financial institutions in strengthening their security posture regarding online fraud."
About ProfitStars
As a diverse, global division of Jack Henry & Associates, ProfitStars combines JHA's solid technology background with the latest breakthroughs in four performance-boosting solution groups - Financial Performance, Imaging and Payments Processing, Information Security and Risk Management, and Retail Delivery. Explore the power of ProfitStars-enhanced performance at http://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 11,300 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar(TM) 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. iPay Technologies(TM) operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. 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.
Jack Henry & Associates, Inc.
CONTACT: Analysts, Kevin D. Williams, Chief Financial Officer of Jack Henry & Associates, Inc., +1-417-235-6652, or Press, Jacqueline Scheider, ProfitStars Marketing Manager, +1-770-752-6410
Web Site: http://www.profitstars.com