Jack Henry's Tap2Local Wins Small Business Payments Award
Event summary
- Jack Henry's Tap2Local™ won 'Small Business Payments Solution of the Year' at the 2026 FinTech Breakthrough Awards.
- Tap2Local™ is a cloud-native digital payments solution for SMBs, developed with Moov and integrated into the Banno Digital Platform™.
- Key features include hardware-free tap-to-pay, easy enrollment, and continuous account reconciliation.
- Jack Henry serves approximately 7,400 financial institutions with its technology solutions.
The big picture
Jack Henry’s recognition underscores the growing demand for seamless, integrated payments solutions in the SMB sector. As financial institutions seek to strengthen their relationships with small businesses, cloud-native platforms like Tap2Local™ are becoming critical in recapturing deposits and reducing operational friction. The award highlights Jack Henry’s strategic focus on digital transformation and its ability to leverage partnerships to drive innovation.
What we're watching
- Product Differentiation
- How Tap2Local’s hardware-free, consolidated payments experience will affect adoption rates among SMBs.
- Market Positioning
- Whether Jack Henry can sustain its competitive edge in the SMB payments space amid increasing fintech competition.
- Strategic Expansion
- The pace at which Jack Henry integrates additional fintech partnerships to enhance its SMB offerings.
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