Jack Henry & Associates Launches Rapid Transfers for Enhanced Digital Banking Experience

### Jack Henry & Associates Unveils Rapid Transfers to Enhance Digital Banking Experience

Jack Henry & Associates announces the launch of Rapid Transfers, a cutting-edge cloud-native solution designed to streamline immediate and secure money movement for consumers and small to medium-sized businesses (SMBs). Collaborating with Moov, the service allows users to transfer funds seamlessly from various external financial institutions—including banks, neo-banks, brokerages, and crypto exchanges—directly into their primary bank or credit union accounts. Utilizing debit card rails and integrating with Visa Direct and Mastercard Move, Rapid Transfers provides a robust framework for financial institutions to enhance their digital offerings and meet the evolving needs of their customers.

Since its rollout began in September 2025, Rapid Transfers has gained traction, with 65 financial institutions already adopting the solution and an additional 170 in the process of integration. This innovative service not only simplifies the transfer process but also addresses a critical demand for speed and convenience in financial transactions. As consumer preferences shift, particularly among Gen Z users who increasingly favor debit transactions, the introduction of Rapid Transfers positions Jack Henry as a frontrunner in the competitive landscape of digital banking solutions.

Financial institutions are recognizing the strategic importance of integrating Rapid Transfers into their digital platforms. Philip Suckow, Senior Vice President of Strategy and Innovation at IncredibleBank, underscores the necessity of offering comprehensive digital experiences, which include budgeting and financial management alongside quick money transfers, to compete effectively with burgeoning fintech rivals. Similarly, Adam Serio, Vice President of Information Security and Technology at Magnolia Federal Credit Union, notes the ease of implementation and the overwhelmingly positive feedback from members, highlighting how the service plays a pivotal role in driving both membership and deposit growth.

In addition to its operational advantages, Rapid Transfers is seamlessly integrated into the Banno Digital Platform™, which serves over 1,000 financial institutions and caters to more than 15 million registered users. This integration ensures that users enjoy an intuitive and efficient digital banking experience, critical in a market that prioritizes user-friendly technology.

As the financial services industry continues to evolve, Jack Henry & Associates' Rapid Transfers sets a new standard for digital transactions, demonstrating the company’s commitment to innovation and customer-centric solutions. With the ongoing expansion of this service, Jack Henry is poised to significantly influence how financial institutions engage with their customers, ultimately fostering loyalty and attracting new deposits in a rapidly changing environment.