Financial Crimes & Fraud Risk
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Tap2Local: A Better Way to Serve Your Small Business Accountholders 

  • Give your small business accountholders a single solution for accepting payments and automating accounting.
  • Offer simple, fast enrollment that makes it easy to get started.
  • Provide a seamless, integrated experience that accountholders will genuinely love.
  • Seamlessly delivered through the Banno Digital Platform.
Explore Banno Digital Platform
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Help your small business owners focus on growing their business.

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keep enrollment easy

Make onboarding fast and frictionless. With Tap2Local, business users can enroll directly through their digital banking app, with essential details pulled from the core. A merchant ID is issued instantly, so they can start accepting payments without delay. For financial institutions, there is no cost and no sales rep involvement, just marketing support and staff education is needed to gain user adoption and engagement.

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accelerate cash flow

Tap2Local empowers businesses with flexible, hardware-free payment options – like tap to pay, QR codes, and payment links – right from their mobile device. With near-real-time money movement across all four major card networks, funds are available fast, helping businesses maintain healthy cash flow and stay focused on growth.

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streamline accounting

When businesses don’t have to manually reconcile payments, they can spend more time focusing on what matters most. That’s why Tap2Local integrates with leading accounting platforms like Autobooks, QuickBooks, and Xero, streamlining settlement and eliminating the need for manual reconciliation.

  • Enrollment is fast and intuitive. Tap2Local pulls essential business details from the core, issues a merchant ID, and gets users up and running in minutes.

  • Give your business accountholders the freedom to accept payments their way via tap-to-pay technology, QR codes, and payment links – all from a single, secure platform.

  • Tap2Local automatically reconciles payments with platforms like Autobooks, QuickBooks, and Xero –reducing manual work and improving financial accuracy.

  • Because of Jack Henry Rapid Transfers™, businesses can move funds in near-real-time between accounts or wallets, keeping operations agile and cash flow strong.

  • Disputes are handled directly in the Banno app, minimizing friction and keeping support efficient and responsive. 

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$1.8T

Total contactless payment transaction value is expected to double by 2030 – reaching $18.1 trillion.1

79%

79% of small businesses accept at least one form of card payment.2

37%

37% of U.S.-based small businesses will "definitely" or "probably" switch financial institutions in the next two years.3

FAQs

  • Users sign up to accept card payments through the Banno app. Businesses will be issued a merchant identifier and can begin accepting card payments, including account funding and me-to-me transfers with debit cards. Supported payment methods include tap to pay, QR codes, payment links, and card present payments. These are then automatically reconciled into the merchant’s accounting system of choice using Jack Henry’s open banking integrations. 

  • By leveraging tap to pay technology, this solution requires no additional peripheral devices to swipe or dip the card. 

  • Transactions are settled the next business day.

  • Tap2Local can process a wide range of card types, including prepaid, debit, and commercial credit cards from major networks like Visa®, Mastercard®, Discover®, and American Express®
  • Tap to pay for accepting card payments is supported on both Android and iOS devices. Additionally, payment links and QR codes are supported across Android, iOS, and web platforms. 
  • Tap2Local will come at no cost and low lift to financial institutions. However, end users will incur market-competitive fees. Please note that these fees are subject to change over time. 

turn everyday transactions into long-term relationships 

Let’s talk about how Jack Henry can help you become the hub for small business banking.