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Dave Foss

David Foss began his career in 1985 at NCR as a Systems Engineer installing and supporting core and ancillary banking solutions. He joined Advanced Computer Systems (ACS) in 1989 as a Sales Manager marketing banking solutions to community banks in the upper Midwest. In 1993, Foss left community banking to become BancTec’s Vice President of Professional Services and later Vice President of Operations managing large remittance processing solutions. He became Vice President of Sales for community banking at BancTec in 1997. In 1999 Foss arranged the sale of BancTec’s financial solutions division to Jack Henry & Associates, Inc., joining the company at that time. From 1999 to the inception of the ProfitStars brand in 2003, he served a dual role as President of the Open Systems group and a General Manager of the Complementary Solutions group. He was named President of ProfitStars in 2004, President of Jack Henry and Associates in 2014, and CEO in 2016. Foss has a degree in Computer Science from Minnesota State University. He has two grown sons and lives in Dallas, Texas with his wife and youngest son.

Recent Posts

Fintech and Payments Trends to Watch in 2018

Posted by Dave Foss

Jan 17, 2018 11:00:00 AM

Financial services have recently been in the national spotlight for everything from crypto currencies to data breaches – and a lot more in between. There is a shifting focus toward an enhanced customer experience, automation and security that has ushered in many new and interesting technologies. As the industry continues to keep pace with change and disruption, financial institutions must sift through the hype and pay attention to the most impactful and relevant technology movements in order to remain competitive. Below are some areas to watch in 2018.

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Topics: Financial Services Industry, Risk Mitigation, Lending

Betting the Bank on Your IT Experts

Posted by Dave Foss

Sep 1, 2015 9:57:17 AM


Ten or fifteen years ago, losing a key IT employee might have put some projects at risk, but not the entire bank. The stakes of this game are rising, however, because of increased sophistication of cyber-attacks, regulatory scrutiny around how banks are managing IT environments, and the growing number of governing entities with their fingers in the compliance pie. As an example, the governor of New York State recently directed his Department of Financial Services to conduct targeted cyber security preparedness assessments for all state-chartered banks and other banks “based” in the state. This may be the beginning of a new trend where state regulators move beyond their traditional role to become increasingly involved in banking cyber security. The more people you need to answer to, the more essential it becomes that all of your processes and procedures are sound and managed by a competent team.

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Topics: Information Technology

2015 – The Return of Optimism

Posted by Dave Foss

Aug 19, 2015 3:41:01 PM


It has been a long time since industry experts have described their outlooks as “optimistic” without any type of caveat. We have been working through levels of “cautious optimism” for several years, held there by threats of a fiscal cliff, government shutdown, an unprecedented number of bank closures and other challenges. Today, almost everyone in our industry seems optimistic about the New Year, and deservedly so. 

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Topics: Financial Services Industry

Peace in Government, Good Will to Bankers

Posted by Dave Foss

Aug 19, 2015 1:50:36 PM

 

Making a holiday wish list.

Bipartisan agreement on the two-year government spending plan might not have been on the top of your holiday wish list, but it certainly is something to be thankful for! As I’m writing this, it looks like Congress will give final approval to the plan (without any last minute defaults, or government shutdowns), and the Senate will pass it on to President Obama, who has signaled support. Discussions on the debt ceiling have begun and although conversations are heated, they are beginning early. Believe it or not, we seem to be on track to meet all of our deadlines. Peace may be a slight exaggeration, but these progressive steps will undoubtedly increase stability and create at least a little good will for all bankers.

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Topics: Financial Services Industry

The Beginning of a New Era?

Posted by Dave Foss

Aug 11, 2015 12:51:33 PM


We can all breathe a sigh of relief now that the world did not end on 12/21 with the conclusion of the ancient Mayan calendar. Many experts hypothesized that the end of the calendar did not call for the end of the world, but rather the beginning of a new era. I think we can all agree that 2013 will be a new era, even if it encompasses a smaller spectrum than the tabloids suggested.

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Topics: Financial Services Industry

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