Business
Jack Henry Rapid Transfers Delivers Competitive Edge to Banks and Credit Unions
Unique cloud-native solution enables immediate, secure money movementMONETT, Mo., Jan. 12, 2026 /PRNewswire/ -- Banks and credit unions are giving high marks
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":"Unique cloud-native solution enables immediate, secure money movementMONETT, Mo., Jan. 12, 2026 /PRNewswire/ -- Banks and credit unions are giving high marks to Jack Henry™ Rapid Transfers, the new cloud-native solution from Jack Henry™ (Nasdaq: JKHY) that enables fast, secure me-to-me money movement for consumers and small and medium-sized businesses (SMBs).\n \n \n \n \n \n \n \nDeveloped in collaboration with Moov, Jack Henry Rapid Transfers modernizes how accountholders access their money. Through integrations with Visa Direct and Mastercard Move, the solution uses debit card rails to enable users to quickly and securely move funds from virtually any external financial institution, neo-bank, brokerage, or crypto exchange into their primary bank or credit union accounts.Offered exclusively through banks and credit unions, Jack Henry Rapid Transfers addresses growing demand for speed and convenience in financial services by offering a capability that few institutions currently provide. As a feature of the cloud-native Jack Henry Platform™, Jack Henry Rapid Transfers helps banks and credit unions enhance their digital experience, attract new deposits, and increase accountholder loyalty.\"Today's consumers expect to be able to move money instantly, wherever they are and whenever they want,\" said Philip Suckow, Senior Vice President of Strategy and Innovation at IncredibleBank, adding that the Wisconsin-based bank is using Jack Henry Rapid Transfers as a lever to win back business from fintechs. \"Rapid Transfers is a critical component in making our bank the financial hub for our customers. To do that, you have to deliver the complete digital experience – from budgeting and financial management to payments, account aggregation, and the ability to rapidly move money.\" Adam Serio, Vice President of Information Security and Technology at Magnolia Federal Credit Union in Mississippi, said his institution launched Rapid Transfers to capture more deposits.\"We do a lot of lending in this area, so we are using Rapid Transfers to drive more membership and deposit growth,\" said Serio, noting the solution's ease of implementation and use. \"Our members love it because of the convenience and instant nature of the transaction.\"Rapid Transfers began rolling out in September and is live with 65 financial institutions with another 170 in v...