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Jack Henry expands internet banking solutions

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MONETT, Mo. (4/7/11)--Jack Henry & Associates, Inc. a provider of computer systems and electronic payment solutions, has rolled out My NetTeller, an online banking solutions that allows credit union members to create customized dashboard-style landing pages of their most commonly used functions. The company also provided an update on its OurCashFlow online financial management (OFM) solution, which is integrated with NetTeller online banking platform. With My NetTeller accountholders drag and drop widgets to create a dashboard-style view of online banking features such as funds transfers, electronic bill payments, and transaction downloads. Since My NetTeller was introduced in August 2010, it has been implemented by 125 financial institutions and is now supporting more than 3,500 end-users. OurCashFlow is the OFM solution available through Jack Henry & Associates' strategic partnership with Lodo Software, Inc. OFM transforms financial institutions’ websites into financial management hubs through which consumers and small businesses can access and manage their finances on consolidated dashboards. OurCashFlow automatically categorizes financial transactions; supports internal and external account aggregation; tracks budgets, spending habits, and savings goals; and generates user-defined alerts. Since the availability of OurCashFlow was announced in July 2010, it has been purchased by 13 financial institutions and is now supporting more than 200 end-users. “Today, consumers and small businesses need to manage their finances more efficiently and effectively, and they are expecting their financial institutions to provide the tools to help them do so,” said Tony Wormington, president of Jack Henry & Associates. “My NetTeller and OurCashFlow provide the easy-to-use, fully featured, and proven tools accountholders need for real-time financial management and highly personalized banking experiences. We believe My NetTeller and OurCashFlow are essential additions to our Internet banking platform and to our clients’ online offerings.”

Synergent marks 40 years of serving CUs

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PORTLAND, Maine. (4/7/11)--Synergent, a subsidiary of the Maine Credit Union League, is celebrating its 40th anniversary in 2011. The organization was founded in 1971 as the Maine Credit Union League Service Corp. as a form-ordering service for Maine credit unions. Forms were originally ordered through the Credit Union National Association, and then shipped to credit unions. To expedite the process, the league established relationships with local print shops and housed the forms at league headquarters. Eventually, the forms were produced in house, saving credit unions time and money and helping them grow, Synergent said. “As an organization founded to provide service and support to credit unions, forty years later, service remains the focus of our cooperate culture,” said John Murphy, president/CEO of Synergent. “Synergent is owned by credit unions, and serves only credit unions. As credit unions have grown and improved their member services, so have we to meet these needs.” In 1974, the Maine Credit Union League Services Corp. formed a cooperatively owned data processing center. From meeting the core processing needs of one credit union to continually advancing to greater hardware capacity and keeping up with industry changes, Synergent now operates in a high-tech environment featuring 24/7 security and data-usage monitoring. Synergent also offers card and check processing services, shared branching and direct marketing services. Offering these services requires a continuous evolution. For example, the ATM industry has advanced to accommodate the digital capture of check, pushing images out to merchants and members, and now, mobile capture. Check processing has evolved from using film for check capture, to providing images through sorters, to branch item capture. As it began offering its services outside of Maine, the organization changed its name to Synergent in 2000 to reflect the expanded service area and the synergy of various divisions working together. In honor of its 40th anniversary, and to reflect the organization’s focus on technology, Synergent is introducing an updated logo, featuring a streamlined, technology-inspired design.