Global: Mastercard Partners with Jack Henry to Accelerate Digital Money Transfers

Mastercard has partnered with Jack Henry to integrate its money transfer solutions into the Jack Henry Rapid Transfers service, enabling near-real-time digital payments for financial institutions, businesses, and consumers.

Advancing Real-Time Payments with Mastercard Move

The collaboration, announced on March 17, will leverage Mastercard Move, a solution designed to facilitate fast, seamless money movement across multiple financial networks. While transactions will be approved in near real-time, fund availability will depend on the receiving financial institution’s policies.

The partnership builds on Jack Henry’s broader efforts to enhance digital payments, following its recent integration with Moov and a similar agreement with Visa Direct last month.

Empowering Financial Institutions with Seamless Money Transfers

By embedding Mastercard Move into Jack Henry Rapid Transfers, financial institutions will gain access to enhanced payment capabilities, including:

• Instant fund transfers between accounts at different banks and credit unions
• Faster account opening processes with real-time deposit verification
• Expanded payment options for commercial clients and small businesses

Greg Adelson, President and CEO of Jack Henry, emphasized the importance of this integration in modernizing financial transactions.

“Integrating Mastercard Move into Jack Henry Rapid Transfers is a significant step in our commitment to empowering banks and credit unions with innovative technologies that enhance their digital payment capabilities.”

Strengthening Digital Payment Infrastructure

As the demand for real-time payments grows, financial institutions and businesses are increasingly looking for solutions that provide faster access to funds, improved cash flow management, and greater flexibility.

Chiro Aikat, Co-President of Mastercard U.S., highlighted the broader impact of the partnership, stating:

“Together, we’re creating a two-way street, allowing customers to both send and receive money—ultimately facilitating greater access to the digital economy.”

The Future of Real-Time Payments in Financial Services

The collaboration reflects a growing shift among financial institutions towards 24/7 real-time payment infrastructures. Experts predict that faster payment solutions will become a core offering in financial services, allowing businesses to optimize working capital and improve financial control.

With Jack Henry and Mastercard leading the charge, banks, credit unions, and businesses will gain greater agility in managing digital transactions, ensuring a more efficient and connected financial ecosystem.