Jack Henry & Associates Named Market Share Leader in Remote Deposit Capture
- Annual Celent report recognizes company for total financial institutions implemented and strong end-user growth -
MONETT, Mo., July 23, 2015 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today, the company announced that it has been named as the market share leader in commercial desktop remote deposit capture (RDC), based on both end-users live and financial institutions implemented. The RDC solution is currently installed at more than 1,000 financial institutions and 200,000 businesses and is utilized by more than 500,000 end users.
RDC is one of many products included in the recently formed JHA Payment Solutions which serves more than 7,600 financial institution clients in the U.S. and internationally. Other featured products include: transaction capture and processing; ATM, credit and debit card processing; risk and fraud mitigation services; consumer and business bill pay; and business intelligence solutions.
The annual report published by Celent, "State of Remote Deposit Capture 2015: Mobile Is the New Scanner," discusses the current state and near-term future of RDC. It identifies JHA as the leading vendor in terms of market share and also recognized the company's strong end-user growth.
Bob Meara, senior analyst at Celent, stated, "In a crowded vendor RDC landscape, JHA has demonstrated skillful consistency in selling and implementing a large number of institutions and supporting a substantial and growing number of end-users."
Jack Henry & Associates attributed its leadership position to both organic growth and the breadth of its product offerings. Greg Adelson, general manager of JHA Payment Solutions, explained, "Sustaining organic growth is predicated on superior customer service and a feature-rich solution set. This enables our partners to successfully create remote deposit programs that meet the ROI and service expectations of financial institutions and their business clients. This recognition from Celent further validates our leadership and success in providing a wide range of product offerings to meet the needs of financial institutions of all sizes, from de novos to the largest global entities."