Moov

?? We’re thrilled to share that Moov is partnering with Jack Henry to make digital #payments easier for small and medium-sized businesses. A note about this partnership from Wade Arnold: "We look forward to working with Jack Henry to modernize payments for SMBs through community and regional financial institutions. This solution will provide many benefits to SMBs, including one-click enrollment, automated itemized transaction processing and reconciliation, instant balance transfers from linked accounts to cover same-day transaction needs, and an integrated payment relationship with the financial institution." Here’s to making financial services more accessible and better for everyone. ?? ?? Read the full release below.

The best products are the ones inspired by your users themselves. Just last week, a quick phone call with one of Moov’s customers turned into an awesome new product discovery. They were looking for ways to integrate their Salesforce IDs with the customer IDs provided in the transactions feed on our platform. Unprompted, the customer proposed a flow that we hadn’t considered before: ?? Point Moov’s webhooks with the Salesforce ID at Salesforce ?? Let the Salesforce webhook collector pick up that ID ?? Automatically put the information from that ID into the relevant customer files Woah. Just like that, we were able to develop an improved process that not only makes this customer’s life easier, but also allows us to support other customers in a similar way too. The takeaway? Always listen to your customers! Sometimes they’re helping you just as much as you’re helping them.

?? If you're interested in what Moov and Wade Arnold Arnold are up to, subscribe to our quarterly #newsletter. It covers company news, #product updates, upcoming events, insights into the #payments industry, and more. Check out our Q3 issue. ??

For those of you in Jacksonville, Fl tomorrow - come on out and support University of North Florida. They've established an incredible #fintech program of study and I'm a proud supporter. VyStar Credit Union Yolande Piazza John Froese Annie DeStefano Joseph R. Colca Dylan Shaver Amber Papadopoulos Aundra Wallace Monty Hamilton Russ Lang Rich Longo Donna Deegan Joe Brady Scott Holton

Systems that were integrated before the internet took a bunch of shortcuts. Those shortcuts are the reason that solutions built on top of core banking systems will never be able to compete with Moov. A little history lesson: Early card issuing and card acceptance systems were built as standalone products with a bespoke integration to each issuer’s core bank system. The processor, as the recipient of ISO 8583, would have all this rich data about the transactions; That was a no-brainer for it to be housed inside the card processing system so they could do complex tasks like fraud management, etc… However, the core banking systems had a far more complex problem: If you think about the core banking system, it has to integrate to many different types of systems like card processing, wire, ACH, mortgage, HELOC, etc…. The common denominator for sharing data, before the internet and before really cheap hard drives, was the memo field. That memo field is 170 characters (because that's how long you could fit on an A9 piece of paper for a statement along with the transaction amount and date). The net result was that all of this incredible transaction data that existed inside of the external card processing systems stayed in the external systems, and all the core got was this memo post field. There are literally billion-dollar-plus companies, like Yodlee and MX, that recreate similar data to an ISO8583 message through extrapolation of the memo field because they can’t access the original data. After all, the bank tossed those bits away. The new kind of infrastructure providers (like Moov) are choosing to go back down the stack and rethink these integrations for an era when internet connectivity is always on, hard disks are cheap, and storage is free. The main reason that I am excited about the Moov and Jack Henry partnership is they have rebuilt their core through the Origin project as a cloud native service. Again, down the stack. Because for the tools of the internet age, like machine learning and AI, to be accessible, you need the low-level, granular data available and accessible in real-time. #DigitalPayments #Fintech #VerticalSaaS

?? What an incredible first day at Jack Henry Connect. Strong partnerships can revolutionize #payments for community financial institutions. It’s about more than just faster transactions—it’s about creating a seamless digital experience that empowers everyone. ?? ?? If you want to see a demo of Moov's merchant acquiring embedded in Banno from Jack Henry, stop by the Jack Henry booth. #JHConnect

Big news came recently that Moov has partnered with Jack Henry to embed Visa Direct and Mastercard Send to enable push-and-pull to debit for their core banking customers. I will be onstage today with Ben Metz CTO at Jack Henry Connect to share more and what we are doing tp help SMB's! This launch is solving one of the biggest pain points for smaller banks and credit unions competing with big banks - speed of funds movement. Bank customers on a Jack Henry core can now link external debit cards for instant money movement in and out of accounts over the card networks. Moreover, we've added tools like Account Name Inquiry and Address Verification to decrease fraud, a critical concern for banks adding instant payment functionality. Some real examples: ?? My HELOC payment is due. Move money from my external account the same day. ?? My big bank frustrated me with a fee, open and fund my new small bank account same day. ?? I need to send my vendor money for supplies. Push to her debit card instantly. ?? My credit card's auto pay went through today, pull money from my external account instantly. Yes, customers can use Zelle or Remote Deposit capture to transfer funds. But, every bank offers a debit card, allowing ubiquity in real-time money movement through the existing account transfer user interface. This is a game changer because it helps those banks achieve parity with the money centers and surpass the user experience of most regional institutions. If you are at Jack Henry Connect, introduce yourself at the welcome reception! #JHConnect Press Release Here:

?? Stop by and see us at Jack Henry Connect to check out our product in action. The team would love to say hello. #JackHenryConnect #JHConnect

?? Our #fintechdevcon 2024 recorded sessions are now live and available for you to watch (and re-watch) for free. ?? Plus, check out some exciting 2025 details. (And #subscribe to our fintech_devcon newsletter so you don't miss a thing.) ??

Big smiles after such a great business conversation with Wade Arnold Huge Thanks for joining us! Brody Chipman #moov #visa #moneymovement #visadirect