Financial Crimes & Fraud Risk
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 Jack Henry Rapid Transfers™

  • Swift money movement. Near-instant transfers to and from debit-card based accounts for both retail and business accountholders.
  • Account monitoring. Advanced security features like name validation, two-factor authentication, and real-time monitoring ensure safe, compliant transactions for both consumers and businesses.
  • Seamlessly delivered through the Banno Digital Platform.

 

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 What makes Rapid Transfers a modern solution that empowers your community? 

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near real-time account transfers

Users can move funds near-instantly between their own accounts at different financial institutions, digital wallets, or prepaid debit cards.

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secure, card-based transfers

Built with advanced security protocols including account name validation, two-factor authentication, and cloud-native transaction monitoring, ensuring safe and compliant transfers for both retail and business users.

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emergency and on-demand access

Enables users to access funds immediately for urgent needs like travel, unexpected expenses, or payroll. Rapid Transfers also supports high-velocity limits and flexible configurations to meet diverse financial demands.

78%

 In Jack Henry's 2024 Strategy Benchmark Survey, 78% of clients said they planned to expand their small business capabilities over the next two years.

37%

According to EMARKETER, Gen Z is the main growth driver of Buy Now, Pay Later (BNPL) users.

61%

Gen Z banking with the top five consumer banks dropped from 68% in 2022 to 61%, according to Javelin and Magana reports.

integrations

Differentiate your organization by connecting other tools – from Jack Henry or in combination with third parties.

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faqs

  •  Jack Henry Rapid Transfers enable near real-time money movement by using card rails instead of traditional ACH, reducing transfer times from days to seconds. Banno Digital Platform users can easily link an external debit card to push and pull funds instantly through Mastercard Send and Visa Direct via Moov. 

  • Jack Henry Rapid Transfer is for me-to-me transactions only – such as emergency fund transfers, moving funds between a prepaid debit card and bank account, or just transferring funds between personal bank accounts.

  • When adding a debit card, Moov and Jack Henry validate it through an "account name inquiry" to make sure it matches the user's name and then verify the card's security code. For added protection, any external debit card requires step-up authentication in Banno.

  •  Moov has velocity limits by default; however, as the financial institution, you have the flexibility to configure your own limits, including the maximum transfer amount and the number of transfers allowed per day. 

go rapid

Discover how Jack Henry Rapid Transfers can deliver modernized near real-time payments to the communities you serve.

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