Web-based deposit account origination system introduced.

• Position: Jack Henry & Associates, Inc - Brief article

A WEB-BASED DEPOSIT ACCOUNT origination system called Opening Act Express has been introduced by the ProfitStars division of Jack Henry & Associates, Inc., Monett, Mo. The product is made possible through a strategic partnership with MeridianLink.

Financial institutions can implement the product to offer basic online account opening services and expand the service based on evolving customer and market demands. Opening Act Express can be integrated with any core and Internet banking platform and can support institution-defined deposit products, the provider says.

The product also enables customers to open new deposit accounts and transfer funds into them via ACH, debit cards, and credit cards. The process includes multiple identity verifications, credit and OFAC checks, and...