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Jack Henry Rapid Transfers Delivers Competitive Edge to Banks and Credit Unions

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Unique cloud-native solution enables immediate, secure money movement MONETT, Mo., Jan. 12, 2026 /PR...

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AI Summary

Jack Henry Rapid Transfers enables secure, fast money movement for banks and credit unions. 65 institutions are live with Rapid Transfers; 170 more are implementing. Solution enhances digital experience and customer loyalty for financial institutions. Gen Z's preference for debit drives demand for this innovative service. Partnership with Moov enhances functionality and integration with payment processors.

Sentiment Rationale

The rapid adoption of the new service reflects positive market reception and growth potential. Historically, innovative product launches have led to stock price increases for tech companies.

Trading Thesis

The sustained adoption and integration into banks will drive long-term customer loyalty, revenue, and market positioning. Similar offerings have increased engagement and deposits over time.

Market-Moving

  • Jack Henry Rapid Transfers enables secure, fast money movement for banks and credit unions.
  • 65 institutions are live with Rapid Transfers; 170 more are implementing.
  • Solution enhances digital experience and customer loyalty for financial institutions.

Key Facts

  • Jack Henry Rapid Transfers enables secure, fast money movement for banks and credit unions.
  • 65 institutions are live with Rapid Transfers; 170 more are implementing.
  • Solution enhances digital experience and customer loyalty for financial institutions.
  • Gen Z's preference for debit drives demand for this innovative service.
  • Partnership with Moov enhances functionality and integration with payment processors.

Companies Mentioned

  • V (V)
  • MA (MA)
  • FB (FB)
  • AXP (AXP)

Corporate Developments

The launch of Rapid Transfers reflects a strategic move into a high-demand area, potentially improving JKHY's competitive edge. This aligns with consumer expectations, enhancing market dynamics.

Jack Henry Rapid Transfers Enhances Financial Solutions for Banks and Credit Unions

Jack Henry™ (Nasdaq: JKHY) has introduced Rapid Transfers, a cloud-native solution designed to improve money movement for consumers and small to medium-sized businesses (SMBs). As financial institutions increasingly focus on providing swift and secure services, the innovative approach of Rapid Transfers has received significant praise from banks and credit unions.

Modernizing Money Movement

Developed in partnership with Moov, Rapid Transfers revolutionizes how account holders access their funds. By integrating with Visa Direct and Mastercard Move, this solution allows users to swiftly transfer money from various external financial sources—including neo-banks, brokerages, and crypto exchanges—directly into their primary banking accounts.

This exclusive offering empowers banks and credit unions to meet the growing consumer demand for fast and convenient financial services. As part of the Jack Henry Platform™, Rapid Transfers not only enhances digital banking experiences but also helps institutions attract new deposits and bolster customer loyalty.

Institutional Feedback on Rapid Transfers

"Today's consumers expect instant access to their money, whenever and wherever they are," stated Philip Suckow, Senior Vice President of Strategy and Innovation at IncredibleBank. He noted that Rapid Transfers plays a crucial role in regaining market share from fintech competitors, asserting, "It is essential to provide a complete digital experience that encompasses budgeting, payments, and rapid money movement."

Adam Serio, Vice President of Information Security and Technology at Magnolia Federal Credit Union, echoed this sentiment, highlighting that the ease of implementation and user convenience of Rapid Transfers have been pivotal in driving membership and deposit growth. "Our members appreciate the instant nature of these transactions," he remarked.

Current Implementation and Future Prospects

Launched in September, Jack Henry Rapid Transfers has already been implemented by 65 financial institutions, with an additional 170 in various phases of integration. It also integrates seamlessly with the Banno Digital Platform™, enhancing the digital banking experience for over 15 million registered users as of November 30, 2025.

As Abby Wood, Assistant Vice President of Digital at Jack Henry, pointed out, the preference for debit among Gen Z is reshaping the financial landscape. "Rapid Transfers aids in reversing deposit attrition and strengthening customer relationships, equipping institutions to attract the next generation of accountholders," she stated.

Benefits for Financial Institutions

Wade Arnold, CEO and co-founder of Moov, emphasized that Rapid Transfers create advantages for both financial institutions and their customers. "When accountholders can instantly access funds from fintechs and digital wallets, it creates a win-win situation," he remarked, asserting that the solution positions community financial institutions as central hubs in their customers' financial ecosystems.

About Jack Henry

Jack Henry & Associates, Inc.™ (Nasdaq: JKHY) is a comprehensive financial technology company dedicated to enhancing connections between financial institutions and their clients. With nearly 50 years of experience, Jack Henry supports approximately 7,400 clients by offering an ecosystem of innovative solutions designed to meet evolving customer needs. To learn more about their offerings, visit www.jackhenry.com.

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