On January 28, 2026, Jack Henry announced the launch of its native transaction enrichment capabilities on the Banno Digital Platform in partnership with Bud Financial. The integration leverages Bud’s Enrich product to deliver market-leading categorization and high-accuracy merchant identification, processing tens of billions of transactions to date. Jack Henry serves approximately 7,400 banks and credit unions, and this enhancement will provide those institutions’ accountholders with clearer visibility into spending behaviors and merchant activity. By embedding enrichment technology directly into Banno, Jack Henry expects to accelerate adoption of personalized, data-driven digital banking experiences and help clients reduce manual reconciliation efforts.

In its fiscal second quarter ended December 31, 2025, Jack Henry reported deconversion revenue of $6.2 million, driven primarily by client acquisitions and consequent contract terminations. This result prompted management to raise its full-year deconversion revenue guidance to $28 million. While deconversion revenue is excluded from non-GAAP revenue—since it reflects one-time contract terminations rather than ongoing service operations—it nonetheless carries implications for cash flow and resource allocation. Investors should note that timing of deconversions remains largely outside Jack Henry’s control and can introduce variability into quarterly results.