Jack Henry has announced an extended collaboration with Mastercard to integrate Mastercard Move into Jack Henry Rapid Transfers, a cloud-native money transfer service. This integration will enable near-real-time money movement for U.S. banks and credit unions, improving account funding and other payment use cases.

Mastercard Move provides fast, secure money transfer solutions for financial institutions, allowing seamless fund transfers to cards, bank accounts, and digital wallets. This initiative builds on Jack Henry’s alliance with Moov to expand digital payment capabilities for consumers and small businesses.

The service will be initially accessible through Jack Henry’s Banno Digital Platform, which supports 1,000 banks and credit unions and serves over 13.2 million users. The collaboration aims to enhance digital payment experiences by reducing delays in money transfers and enabling secure transactions.

Jack Henry's CEO, Greg Adelson, emphasized the company’s commitment to modernizing digital payments, while Mastercard’s Chiro Aikat highlighted the benefits of seamless and secure money movement for Jack Henry’s customers.