Transaction monitoring technology provides real-time visibility into the complete path of every payment transaction
Vancouver, Canada, August 4th, 2010 – INETCO™ Systems Limited, a leading expert in real-time transaction monitoring and analytics for the financial services industry, today announced that Jack Henry & Associates, Inc.® (NASDAQ: JKHY) will deploy INETCO Insight™ to further improve customer service and reduce the possible risk of downtime in its expanding payment processing business. The software will be deployed by Jack Henry & Associates’ jhaPassPort EFT Solutions Group and JHA Payment Processing Solutions™ which provide the company’s extensive array of payment processing platforms and ATM, debit, credit, and prepaid card solutions for both banks and credit unions.
INETCO Insight transaction monitoring software provides real-time visibility into the complete path of every payment transaction. Real-time data about applications, switch components, network links, and third-party service providers will be correlated and displayed in a way that makes it much easier to isolate any issues that could cause transaction slowdowns or declines. With INETCO Insight, the jhaPassport EFT Solutions Group and JHA Payment Processing Solutions will be able to access and query up to eight days of complete transaction history to track and resolve problems. Issues can be quickly directed to the appropriate level of support and proactively fixed before they result in customer service disruptions.
“We are implementing the INETCO Insight transaction monitoring software based on the product’s ability to support our goal to continually enhance customer service, first call resolution rates, and operating efficiency,” said Larry Fitch, Operations Manager for the jhaPassPort EFT Solutions Group. “The depth of real-time transaction intelligence provided by this product will help us further streamline our support processes and eliminate the hours spent troubleshooting and piecing together fragmented information gathered from our in-bound customer calls, deep dive monitoring tools, command line traces, and transaction logs.”
“Merger and acquisition activity, emerging new payment channels, and compliance regulations are all adding to the growing complexity in payment systems,” said Bijan Sanii, President and CEO of INETCO. “By deploying a business transaction management solution such as INETCO Insight, Jack Henry & Associates has shown a commitment to evolving its monitoring strategies and remaining at the forefront of innovation.”
About Jack Henry & Associates
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking™ supports banks ranging from de novo 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. iPay Technologies operates as a leading electronic bill pay provider supporting more than 3,600 banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. Additional information is available at www.jackhenry.com.
INETCO™ Systems Limited offers business transaction management software, professional services, and communications gateway solutions for payment networks and financial application performance management. The Company’s flagship product, INETCO Insight™, delivers easy, fast access to complete, real-time transaction information for customer service teams, IT teams and senior executives that need to anticipate transaction issues and confidently manage complex, ever-changing transaction environments. A recognized technology leader in the TCP/IP payment transactions space, INETCO products are currently deployed within financial, retail, and telecommunications environments in more than 50 countries. INETCO is based in Vancouver, British Columbia. For more information, visit www.inetco.com.