Jack Henry Tap2Local™ Named "Small Business Payments Solution of the Year" in 2026 FinTech Breakthrough Awards Program

Jack Henry (Nasdaq: JKHY) announced on March 19, 2026 that its Tap2Local™ solution won "Small Business Payments Solution of the Year" in the 10th annual FinTech Breakthrough Awards.

Rhea-AI Summary

Jack Henry (Nasdaq: JKHY) announced on March 19, 2026 that its Tap2Local™ solution won "Small Business Payments Solution of the Year" in the 10th annual FinTech Breakthrough Awards. Tap2Local is a cloud-native, hardware-free payments solution delivered via the Banno Digital Platform™ and developed with Moov.

The product enables tap-to-pay on iOS and Android, simplified enrollment, and continuous account reconciliation to merchants' accounting platforms, positioning banks and credit unions to better serve SMB customers.

Argus Mar 19 session

-0.44% close to close Open Argus

Details

News Market Reaction – JKHY

On Mar 19, the day this news came out, JKHY closed 0.44% below the previous close.

Data tracked by StockTitan Argus for the Mar 19 session.

Market Context

This announcement highlights industry recognition for Jack Henry’s Tap2Local™ as a small business pa...

Analysis

This announcement highlights industry recognition for Jack Henry’s Tap2Local™ as a small business payments solution, reinforcing its strategy around SMB-focused digital banking and payments. It follows a string of recent partnership and platform updates, supported by solid fundamentals such as quarterly revenue of $619.3M and diluted EPS of $1.72. Investors may watch adoption of Tap2Local™, broader Banno platform traction, and subsequent earnings filings to gauge the commercial impact.

Key Figures

Quarterly revenue: $619.3M Quarterly net income: $124.7M Quarterly diluted EPS: $1.72 +5 more

Quarterly revenue

$619.3M

Quarter ended Dec 31, 2025

Quarterly net income

$124.7M

Quarter ended Dec 31, 2025

Quarterly diluted EPS

$1.72

Quarter ended Dec 31, 2025

First-half revenue

$1.26B

Six months ended Dec 31, 2025

Operating cash flow

$273.3M

Six months ended Dec 31, 2025

Victor Technologies acquisition

$42.4M

Cash acquisition during first half fiscal 2026

Debt outstanding

$20M

Debt on $600M credit facility

Credit facility size

$600M

Total committed credit facility

Historical Context

5 past events · Latest: Mar 06

5 events

1. Mar 06

   Fraud platform recognition

   24h Move

   +2.9%

   Financial Crimes Defender added to ICBA Preferred Service Provider program.

2. Mar 02

   Investor conferences

   24h Move

   +1.1%

   Senior executives presenting at multiple early‑March investor conferences.

3. Feb 23

   Client adopts Defender

   24h Move

   -2.2%

   SELCO Community Credit Union adopting Financial Crimes Defender platform.

4. Feb 23

   Crypto fintech integration

   24h Move

   -2.2%

   Stablecore joining Jack Henry Fintech Integration Network for digital assets.

5. Feb 20

   Partner joins FIN

   24h Move

   -1.2%

   Pyramid Consulting’s technology division joining the Fintech Integration Network.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

cloud-native, tap-to-pay, point-of-sale systems, digital payments

4 terms

cloud-native technical

"Jack Henry's Tap2Local™ is a modern, cloud-native digital payments solution..."

Cloud-native describes a way of creating and running applications that are designed specifically to operate smoothly on cloud computing platforms. Think of it as building a house with flexible, lightweight materials that can be easily moved, scaled, or adjusted as needed, rather than using rigid, traditional construction. For investors, it signifies technology that is more adaptable, efficient, and capable of quickly responding to changing market demands.

tap-to-pay technical

"...accept debit and credit card payments directly through tap-to-pay on both iOS and Android..."

Tap-to-pay is a way to pay by tapping a contactless card, smartphone or wearable on a payment reader so the transaction is completed wirelessly in seconds. For investors, it matters because faster, simpler and more secure payments tend to increase customer purchases, reduce checkout friction and create new revenue or data opportunities for banks, payment processors and retailers — affecting sales, fees and growth prospects.

point-of-sale systems technical

""Traditional point-of-sale systems impose cost, operational complexity, and slow onboarding.""

Point-of-sale systems are the hardware and software used where a customer completes a purchase, combining cash registers, card readers, barcode scanners and sales software into a single setup. Investors care because these systems track sales in real time, manage inventory and customer data, and can reveal growth, recurring revenue from software or services, and operational efficiency—similar to a store’s central nervous system that shows how well the business is running.

digital payments technical

"Tap2Local™ is a modern, cloud-native digital payments solution that enables banks..."

Digital payments are ways money moves electronically instead of using cash or checks, such as paying with a card, phone app, online bank transfer, or a stored account. For investors, they matter because they change how fast and cheaply companies sell goods and collect money, expand customer reach, and create new fee or data-driven revenue streams while also introducing technology, fraud and regulatory risks that can affect profitability and growth.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Prestigious annual awards program recognizes outstanding financial technology products and companies around the world.

MONETT, Mo., March 19, 2026 /PRNewswire/ -- Jack Henry^® (Nasdaq: JKHY) today announced that its Tap2Local™ solution has received the "Small Business Payments Solution of the Year" award in the 10^th annual FinTech Breakthrough Awards program. The program is conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes top companies, technologies, and products in today's global FinTech market.

Jack Henry's Tap2Local™ is a modern, cloud-native digital payments solution that enables banks and credit unions to meet the evolving needs of their small and medium-sized business (SMB) customers. Developed in collaboration with Moov, Tap2Local is seamlessly delivered through the Banno Digital Platform™ to provide a fast, intuitive, and consolidated experience.

Tap2Local offers merchants many distinguishing features, including easy enrollment, the ability to accept debit and credit card payments directly through tap-to-pay on both iOS and Android devices, eliminating the need for additional hardware, as well as continuous account reconciliation to the accounting platform of their choice. 

"Tap2Local is a key part of our broader SMB strategy to help banks and credit unions win with small businesses, and we're honored to see it recognized by FinTech Breakthrough," said Jack Henry President and CEO Greg Adelson. "By enabling financial institutions to become the central operating hub for business accountholders, Tap2Local helps recapture deposits while freeing business owners to focus on what they love, not payment operations."

"Jack Henry's Tap2Local is redefining small business payments by equipping financial institutions with a modern, frictionless experience through an easy, hardware-free payment solution," said Steve Johansson, Managing Director, FinTech Breakthrough. "Traditional point-of-sale systems impose cost, operational complexity, and slow onboarding. These fragmented third-party tools also often call for external hardware, lengthy paperwork, or delays. Tap2Local's consolidation of payments, banking, insights, and accounting into one unified experience simplifies business financial management and strengthens the bond between SMBs and their financial institutions."

About Jack Henry & Associates, Inc.^®
Jack Henry^® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at jackhenry.com.

About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring breakthrough innovation in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the standout achievements of FinTech companies and products in categories that include Payments, Personal Finance, Cryptocurrency, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.

Statements made in this news release that are not historical facts are "forward-looking statements." Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company's Securities and Exchange Commission filings, including the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.

View original content to download multimedia:https://www.prnewswire.com/news-releases/jack-henry-tap2local-named-small-business-payments-solution-of-the-year-in-2026-fintech-breakthrough-awards-program-302717841.html

SOURCE Jack Henry & Associates, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Jack Henry (JKHY) announce on March 19, 2026 about Tap2Local?

Jack Henry announced Tap2Local won the 2026 FinTech Breakthrough award for small business payments. According to the company, Tap2Local is cloud-native, developed with Moov, delivered via the Banno Digital Platform, and designed to simplify payments and reconciliation for SMB customers.

How does Tap2Local from Jack Henry (JKHY) work for small businesses?

Tap2Local enables hardware-free tap-to-pay acceptance on iOS and Android devices for merchants. According to the company, it supports easy enrollment and continuous account reconciliation to merchants' chosen accounting platforms via the Banno Digital Platform.

Why did FinTech Breakthrough recognize Tap2Local in 2026 for Jack Henry (JKHY)?

FinTech Breakthrough cited Tap2Local's consolidation of payments, banking, insights, and accounting into a unified experience. According to the company, judges highlighted its frictionless, hardware-free onboarding and simplified merchant financial management.

What strategic role does Tap2Local play for Jack Henry (JKHY) and its bank clients?

Tap2Local is positioned as a tool to help banks and credit unions win SMB relationships and recapture deposits. According to the company, it aims to make financial institutions the central operating hub for business accountholders.

Is Tap2Local integrated with Jack Henry's Banno Digital Platform and partners?

Yes. Tap2Local is delivered through the Banno Digital Platform and was developed in collaboration with Moov. According to the company, this integration enables a fast, intuitive, and consolidated payments and accounting experience for SMBs.