goDough(R) Mobile Banking Solution Continues Rapid Adoption Among Diverse Financial Institutions
MONETT, Mo., April 1 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that goDough, its state-of-the-art mobile banking solution, has been selected by 250 of its core financial institution clients. goDough was introduced in November 2007 and now supports more than 63,000 subscribers of 63 mobile service carriers.
goDough, the browser-based solution developed internally by Jack Henry & Associates, is compatible with any Web-enabled mobile device regardless of make or model and all mobile phone carriers. This proprietary solution enables bank customers and credit union members to conduct traditional in-branch and online transactions such as balance inquiries, funds transfers between accounts, and transaction viewing; and supports all account types, including checking, certificates-of-deposit, money markets, loans, and lines-of-credit. goDough also enables users to receive designated alerts and make mobile payments to entities other than the offering financial institution.
Jack Henry & Associates also recently announced the addition of several high-demand enhancements to goDough including the ability to initiate SMS text-based balance and history inquiries, the availability of an iPhone application that financial institution customers can download directly from the Apple Store, the ability for financial institutions to provide a bank-branded smart phone application, and enhanced reporting designed to accurately and efficiently analyze mobile banking usage.
Pete Hopkins, general manager of Internet Solutions for Jack Henry & Associates, said, "Nearly half of all mobile phone owners now have access to mobile banking and more and more of them are moving from Internet banking to mobile banking. We believe goDough is the most widely adopted mobile banking solution offered by any core provider and as mobile banking continues to evolve into a key service financial institutions must have to attract and retain technology-savvy consumers, we expect goDough will continue to generate strong adoption rates among our financial institution clients and their customers. goDough is extremely easy for financial institutions to implement, provides contemporary and advancing functionality, and is intuitive and easy-to-use."
Ohio Valley Bank recently announced the launch of its mobile banking application for the iPhone which is available for free download at the App Store. According to Thomas E. Wiseman, the bank's president and chief operating officer, "In July 2008, we established CellTeller, our mobile banking solution based on Jack Henry Banking's goDough solution. We have now moved beyond our initial mobile offering to extend this special service to our iPhone customers. We have a long-standing tradition of actively seeking new technology. In fact, 30 years ago, Ohio Valley Bank installed Gallia County's very first ATM." Wiseman also noted a growing trend in the number of Ohio Valley Bank customers with iPhones and in the number of Ohio Valley Bank Internet banking and mobile banking users.
According to Tony Wormington, president of Jack Henry & Associates, "Mobile banking is a natural extension of financial institutions' Internet and retail strategies, and an essential component of the emerging electronic wallet. Implementation of our goDough mobile banking solution nearly doubled during the past 12 months and is now supporting more than 63,000 people with anytime, anywhere banking that enables them to stay even more connected to their finances and their financial institutions. It enhances customer convenience, self-sufficiency, and service. It can help financial institutions attract and retain technology-focused consumers. And it can strengthen financial institutions' positioning in today's highly competitive financial services marketplace."
goDough is fully integrated with the three functionally distinct core banking systems – SilverLake System®, CIF 20/20®, and Core Director® – provided by the company's Jack Henry Banking™ division, and the industry-leading core platform for credit unions – Episys® – which is provided by Symitar™.
About Ohio Valley Bank
Ohio Valley Banc Corp. owns and operates Ohio Valley Bank, with 16 offices in Ohio and West Virginia, and Loan Central, with six offices in Ohio. Ohio Valley Banc Corp. stock is traded on the NASDAQ Stock Market under the symbol OVBC. For more information, visit the company's Web site at www.ovbc.com. For more information about Ohio Valley Bank's iPhone application, visit www.ovbc.com/go/iphone or http://itunes.com/apps/ohiovalleybank.
About Jack Henry & Associates, Inc.
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 three primary brands. Jack Henry Bankingsupports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar is the leading provider of information and transaction 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. Additional information is available at 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
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