Jack Henry Banking provides an integrated suite of high-demand commercial products and services that generate material opportunities for banks to enhance the customer experience, expand commercial relationships at all points of contact, and aggressively compete for lucrative business customers.   

NetTeller Cash Management™ – Online, real-time commercial banking

NetTeller Cash Management provides commercial customers with online account access, transaction origination, and complete account management capabilities. This solution’s online capabilities strictly enforce the industry’s highest security standards and include wire transfers, ACH originations and file uploads, access to transactional information and account activity, balance and float reporting, credit line advances and payments, and statement retrieval. NetTeller Cash Management, which is fully integrated with NetTeller Online Banking™, improves commercial customer self-sufficiency, interaction, and retention by leveraging the power and convenience of the Internet to provide greater control and 24/7/365 service. This online, real-time commercial banking solution also enables banks to generate new fee income opportunities and to further leverage today’s most cost-effective delivery channel.

iPay Biz 2.0™ – Small business online bill payment suite

iPay Biz 2.0 is an online bill payment solution that provides small-business customers with the unique commercial functionality they need to reduce payment-related administrative burdens. This dynamic solution enables small-business customers to send payroll deposits to multiple accounts, set multi-user entitlements for employees, automatically delegate payment tasks, make account-to-account interbank transfers, and more. Using this solution’s integrated Billpayperless™ tool, small businesses can generate branded electronic invoices, manage receivables easily and efficiently, and set-up a website that enables their customers to pay them online via credit card. iPay Biz 2.0 helps banks attract new deposits, increase fee income, and improve relationships with lucrative small-business customers.

DirectLine^® Wires™ – Real-time wire transfer service between SilverLake and the FRB

DirectLine Wires enables banks to make real-time incoming and outgoing wire transfers between the SilverLake System® and the Federal Reserve Bank (FRB). This seamless solution serves as a hosted communications channel for FedLine Direct, the IP-based payment solution that provides a highly secure computer-to-computer interface to the Fedwire® Funds Service, the world’s largest high-speed electronic payment system. DirectLine Wires stores wire history directly in the SilverLake System, which improves research time, enables quicker modifications, and allows users to resend wires that were previously rejected by the FRB. This solution simplifies the processes of balancing and sending multiple batch wire files to the FRB, it helps eliminate the possibility of duplicating outgoing wires, and provides confirmation that wires were received by the FRB through its integration with NetTeller Cash Management™.

Mutual Fund Sweep™ – Off-balance sheet sweeps

Mutual Fund Sweeps allow banks to provide commercial customers with the ability to use excess funds to purchase same day or next day securities. This solution takes excess funds deposited into operating accounts or zero balance accounts (ZBAs) that have established floors and ceilings to be sweep into “no book” accounts and used to purchase securities. Securities are redeemed or purchased and the funds are automatically swept back into or out of deposit accounts when the account floors and ceilings are reached. This sweep process occurs at a designated time each day depending on the Mutual Fund Sweep option the bank chooses, and provides brokers with the funds available to purchase securities and the amount of required redemptions. Sweep investments enable banks to offer commercial customers a high-demand and potentially lucrative service, and the ability to report fewer deposits on the FR2900 report.

3rd Party Sweep™ – On-balance sheet cash management sweeps

3rd Party Sweep enables cash deposited in commercial checking accounts that exceeds targeted balances to be automatically swept into FDIC-insured money market accounts. When account balances fall below targeted balances, funds are automatically swept back into checking accounts. 3rd Party Sweep enables banks to attract and retain lucrative commercial deposits with a highly competitive cash management service that effectively enables interest to be paid on commercial checking accounts. This o n-balance sheet cash management sweep solution enables banks to increase fee and interest income and FDIC coverage. This internally managed sweep service enables commercial customers to manage their money more efficiently by eliminating daily manual account transfers, and allows them to earn higher interest rates on excess funds that would normally be swept into off-balance sheet, uninsured securities.

Landlord/Tenant Security Deposit Tracking™ – Tax and interest management

Landlord/Tenant Security Deposit Tracking leverages advanced core functionality to track year-to-date tax information by tracking the interest split between the landlord and tenant, and the amount of interest due to each party at the end of the year. CIF records for the landlord, its tenants, and the corresponding buildings are also tracked. Automated interest cycles control when interest is credited to tenants and landlords. Automated statement cycles determine when the interest split portion is paid to landlords’ accounts and automatically sends tenants checks for their portion when the statement cycles drop. This tax and interest management application defines tenants, landlords, and buildings with numerous class and relationship codes and generates an array of standard reports.

Enterprise Payment Solutions™ (EPS) – Payments platform for a variety of payment types

Enterprise Payment Solutions (EPS) is a comprehensive payments engine that accepts a variety of payment types and offers a robust suite of risk management tools and reporting capabilities for both banks and their business customers. The EPS payments engine provides multiple touch-points through which business customers can process a wide variety of payments, including checks, ACH, and card transactions. This flexible, scalable solution can be configured to offer as many or as few payment options as needed with the flexibility to quickly and easily add options in response to customer and market needs. EPS streamlines the deposit process, reduces labor and operating costs, and helps banks deliver products that meet their customers’ near- and long-term needs.

Enterprise Payment Solutions:

• Remote Deposit Complete™ (RDC) – Robust, feature rich ASP remote deposit capture
• Remote Deposit Express™ (RDX) – Bilingual, configurable ASP remote deposit capture
• Remote Deposit Now™ (RDN) – Intuitive, simple ASP remote deposit capture
• Remote Deposit Anywhere™ (RDA) – Mobile and flatbed remote deposit capture
• SmartSight™ – RDC business intelligence dashboard
• ACH/Check Conversion Services™ (TEL/WEB/PPD/CCD) – Electronic check processing and conversion
• Real-Time Gateway™ – Single point delivery platform that integrates all ACH, check image exchange, and credit card processes
• RemitPlus^® Remittance/Lockbox™ – Electronic check processing and remittance
• RemitWeb™ – Hosted or in-house RemitPlus® module for online image review and reporting
• RemitCentral™   – Hosted Remit Plus® link combining multiple electronic account payment sources
• Customer Payment Portal™ – Online donations and payments
• Hosted Pay Page™ – Convert checks accepted online to ACH transactions 

Provided by Jack Henry & Associates’ ProfitStars^® division

ACH Origination/Processing™ – Web-based ACH origination

ACH Origination/Processing is a Web-based ACH origination solution that consists of two modules, ACH Client and ACH Manager. ACH Client is an ASP origination platform for all ACH transaction types, and ACH Manager is an ASP processing, validation, and reporting platform for all incoming and originated NACHA-formatted files. ACH Client helps banks attract and retain lucrative commercial customers and ultimately improve their bottom lines. This Internet-based module delivers state-of-the-art file origination and secure transmission functionality to an unlimited number of commercial customers. It provides payroll direct deposit, direct debit for receivables, ACH check conversion options, and a host of other time- and money-saving capabilities for one-time and recurring transactions. ACH Client is an easy, affordable way to increase fee income and reduce processing costs. ACH Manager is a fully automated, host-independent, back-office processing solution for ODFIs and RDFIs that performs all operational tasks including file management, risk management, OFAC checking, reporting, and more. This module helps banks grow fee-based revenue by expanding market penetration to larger ACH customers without increasing support costs. ACH Manager allows banks to automate the processing of all outgoing and incoming ACH files with a convenient, secure ASP-hosted solution that eliminates onsite hardware and software, database management, and disaster recovery concerns.

Provided by Jack Henry & Associates’ ProfitStars^® division

BusinessManager^® – Web-based, turnkey asset-based lending

BusinessManager enables community banks to offer asset-based lending by providing a low cost of entry, turnkey solution with marketing expertise and back office support. BusinessManager is a proven program that enables banks to provide daily cash to creditworthy, cash-constrained businesses in exchange for their accounts receivable, which they can sell at a discounted rate on a full-recourse basis with a flexible cash collateral reserve. This solution gives business customers immediate cash both initially and on an ongoing basis as new receivables are generated. Banks establish a cash reserve for each company and monitor the accounts, sweeping excess reserves back to the business once a month. It also enables banks to provide businesses with key management reports on funded transactions, such as aged receivables and customer balances, and provides banks with the ability to send itemized monthly statements to their business customers. This solution helps banks work more effectively and profitably with the small-to-medium-sized business customers while generating fee income, minimizing related risk, and increasing core deposits.

Provided by Jack Henry & Associates’ ProfitStars^® division

LendingNetwork^® – Alternative commercial financing

LendingNetwork is an alternative financing option that enables banks to maintain relationships with customers who are considered “unbankable” by traditional underwriting criteria. This network provides access to a group of more than 20 industry leading commercial financial providers, allowing small or newly started businesses to meet financial challenges and obligations with non-traditional financing solutions. If a business fails to meet the criteria for in-house financing, the LendingNetwork partners assume the risk and make a variety of financing options available. Banks receive the referral fee revenue and retain the possibility of a future credit relationship with the customer. LendingNetwork allows banks to compete for the future business of companies that do not currently meet their credit standards and helps enhance banks’ reputations in the small business community. This solution helps banks retain these relationships without risk of loan losses and allows them to remove criticized, classified, or problem loans from their balance sheets.

Provided by Jack Henry & Associates’ ProfitStars^® division