Tap‑to‑pay for SMBs expands
Jack Henry’s Tap2Local platform won a small‑business payments award for enabling merchants to accept tap‑to‑pay on phones without hardware and sync transactions to accounting — a low‑friction payments upgrade for local businesses. That capability can streamline cash flow and bookkeeping for owner‑operators. (stocktitan.net)
Tap2Local was named "Small Business Payments Solution of the Year" at the 10th annual FinTech Breakthrough Awards on March 19, 2026, a program that catalogs winners across dozens of fintech categories. (ir.jackhenry.com) The product was developed in collaboration with cloud-native payments processor Moov and is positioned as a Jack Henry offering delivered through its Banno digital channel. (ir.jackhenry.com) Jack Henry announced Tap2Local's initial launch on August 14, 2025, ran closed beta tests with several financial institutions, and planned a staged rollout to the more than 1,000 banks and credit unions on the Banno platform. (ir.jackhenry.com) Company materials highlight the SMB market scale—about 33.3 million U.S. small businesses—and Jack Henry executives have cited SBA figures showing a large share of small firms are sole proprietors as context for the product push. (prnewswire.com) Industry polling cited by Jack Henry shows 78% of its client institutions plan to expand small‑business capabilities over the next two years, framing Tap2Local as part of a broader bank strategy to capture business relationships. (digitaltransactions.net) Independent analyst coverage praised Tap2Local's cloud‑native positioning and reconciliation‑first architecture while flagging near‑term adoption challenges around scaling, fraud mitigation, and integration across legacy bank systems. (everestgrp.com)
