Jack Henry & Associates announced Rapid Transfers on January 12 2026. The cloud‑native instant‑payment solution lets consumers and small‑to‑medium‑business account holders move funds instantly from any external financial institution, neo‑bank, brokerage or crypto exchange into their primary bank or credit‑union account using Visa Direct and Mastercard Move debit‑card rails.
Rapid Transfers is already live with 65 financial institutions and 170 more in various stages of implementation. The product is fully integrated into Jack Henry’s core Jack Henry Platform and the Banno Digital Platform, which serves over 1,000 institutions and more than 15 million registered users as of November 30 2025. The development partnership with Moov, a payment‑infrastructure specialist, underpins the solution’s scalability and reliability.
The launch expands Jack Henry’s recurring‑revenue mix and strengthens its competitive position in the embedded‑payments and SMB markets. By offering instant‑payment capability, the company can drive new deposits and fee income for its clients, reinforcing the value proposition of its cloud‑migration strategy and high‑margin complementary services. The solution also reduces the need for third‑party providers or additional hardware, lowering implementation costs for banks and credit unions.
Jack Henry’s Q1 FY2026 earnings—reported on November 4 2025—showed earnings per share of $1.97 and revenue growth of 7.3% year‑over‑year. The Rapid Transfers launch builds on this momentum by adding a scalable, low‑cost revenue stream that can accelerate recurring income. Management highlighted the growing demand for instant money movement: Assistant Vice President of Digital Abby Wood noted that “Gen Z’s preference for debit is a defining shift for our industry,” while Senior Vice President of Strategy and Innovation Philip Suckow emphasized that “today’s consumers expect to be able to move money instantly, wherever they are and whenever they want.”
The instant‑payment market is expanding rapidly, driven by consumer expectations for speed and convenience. Jack Henry’s integration of Rapid Transfers into its existing platforms positions community banks and credit unions to compete more effectively against fintechs and neobanks that have been early adopters of real‑time payment solutions. The product’s seamless, real‑time experience is expected to deepen client relationships and create new opportunities for fee‑based services.
Rapid Transfers represents a significant operational milestone for Jack Henry, potentially reshaping its revenue mix and client engagement strategy while reinforcing its cloud‑first, high‑margin service model.
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