#USA #Jack Henry #Monett #Moov #Tap2Local

Jack Henry Introduces Tap2Local

In an era where digital transactions are at the forefront of commerce, Jack Henry™ (Nasdaq: JKHY) has taken a significant step forward with the launch of Tap2Local™, a cutting-edge digital payments solution. Announced on August 14, 2025, this platform aims to empower financial institutions as well as small and medium-sized businesses (SMBs) by offering quicker and more efficient transaction capabilities.

The Essence of Tap2Local

Developed in collaboration with Moov, a modern digital payment processor, Tap2Local stands out for its cloud-native architecture. This solution is designed to simplify payment acceptance for merchants by enabling them to process debit and credit card transactions via tap-to-pay technology directly on both iOS and Android smartphones. This level of accessibility removes the need for specialized hardware, thereby reducing overhead costs for small business owners.

A noteworthy feature of Tap2Local includes automatic reconciliation with the merchant’s chosen accounting platform. Transactions can be processed through major card networks, ensuring robustness and flexibility.

Targeting a Growing Market

In today's competitive financial landscape, small businesses represent a vast market—approximately 82% of these establishments are sole proprietorships, as stated by the Small Business Administration. Tap2Local is particularly geared towards meeting the unique needs of these enterprises. The system allows SMBs to accept payments easily and efficiently, whether in-person or on-the-go, thus accommodating the busy lifestyles of business owners and their customers alike.

Jack Henry’s President and CEO, Greg Adelson, emphasized that Tap2Local is a key element of the company’s SMB strategy. He stated, "This innovative solution integrates seamlessly with banking services, allowing institutions to streamline payments for small businesses, thus capturing a larger market share that has traditionally been administered by payment-only fintechs."

A recent survey by Jack Henry revealed that 80% of their clients plan to expand their offerings for SMBs in the coming years. Notably, nearly 70% mentioned that payment services are a primary area of focus. This underscores the strong market demand for enhanced payment solutions among small business owners.

More Than Just Payments

The Tap2Local solution embodies the collaboration between community banks, credit unions, and local businesses. Jeff VanDeVelde, senior director of Marketing at Jack Henry, elaborated on this concept, stating, "Tap2Local reinforces the connection between financial institutions and the businesses they serve, ensuring that local economic activity remains vibrant." This strategy not only enhances the services offered to SMBs but also strengthens the financial ties to the communities they operate in.

Banks and credit unions are increasingly honing their focus on the SMB sector, spurred by insights indicating a significant proportion of small businesses prefer their primary financial institutions to offer comprehensive payment solutions. According to Datos Insights, 82% of small businesses expressed a desire for more payment options from their banks.

Conclusion

In summary, Jack Henry's Tap2Local represents a meaningful advancement in the payment processing landscape, providing a powerful tool for small businesses while simultaneously enhancing the offerings of community financial institutions. With an ongoing commitment to innovation and collaboration, Jack Henry is poised to redefine how small and medium businesses manage their transactions in this digital age. As the rollout of Tap2Local begins, the company anticipates a robust response from the over 1,000 banks and credit unions utilizing the Banno Digital Platform™, marking a new chapter for financial interactions in local economies.

For more information about how Tap2Local can transform payment operations, visit Jack Henry's official website.