empower your users with modernized payments
Through our partnership with Moov, Tap2Local brings a cloud-based payment solution to the Banno Digital Platform, giving small to medium-sized business (SMB) users the ability to accept or initiate payments directly in their native banking app – with next-day funds availability to accelerate cash flow.
The problem landscape
help your small business owners get back to business
Your SMB users didn't open their businesses to spend hours managing payments and balancing books. They started a bike shop to make bikes, or began selling at the farmers market to share their passion with customers.
But running a small business often means juggling a lot – and many owners rely on multiple third-party platforms to manage their business, creating unnecessary costs, complexity, and time away from what they love.
They deserve tools that work as hard as they do – simple, connected, and built to help them focus on their craft instead of their admin. That's where Tap2Local comes in.
The solution
become the hub for small business banking
Tap2Local keeps your financial institution at the center of the merchant-customer relationship. With simplified payment processing built natively in Banno, your retail and business users can manage their payments and finances all in one place – at no cost, no added lift, or risk to your financial institution.
Friction-free enrollment
Your business users can sign up to accept card payments directly through their digital banking app with minimal effort – just the way they expect modern apps to work. With essential details pulled from the core, 65-70% of businesses are instantly approved and can begin taking payments immediately after enrollment.
Accept payments effortlessly
Once enrolled, businesses can start accepting payments almost immediately from their banking app on iOS or Android – whether through tap to pay, QR codes, or simple payment links. With support for all four major card networks (American Express, Discover, Mastercard, and Visa), funds settle the next business day to the selected account, ensuring fast, reliable access to revenue.
Professional billing with integrated invoicing
Streamline the billing process by allowing businesses to create, customize, and send invoices directly to their customers – including secure payment links that allow customers to pay instantly through the digital banking app's native processing engine. The system also reduces the burden of manual follow-ups by facilitating automatic reminders for outstanding balances, helping business owners get paid on time with less effort.
Customer relationship management
It's never been easier for a business to track their clientele than with Tap2Local's integrated relationship management tools. By creating customer profiles that include names, contact information, and transaction history, merchants can build and maintain a professional database directly within their digital banking app – laying the foundation for more personalized service and future growth.
Inventory management with product catalog
Our full-featured product catalog transforms Tap2Local into a robust point-of-sale solution. Businesses can create and manage their entire inventory directly within the native digital banking app, complete with product names, base prices, descriptions, and categories. Once created, products can be added directly to an order, with automated sales tax calculation, for a seamless checkout experience.
Automated accounting
By leveraging Jack Henry's open banking integrations and Moov's reconciliation-first infrastructure, your financial institution can automatically reconcile payments with accounting systems like QuickBooks and Xero, streamlining settlement and eliminating the need for manual reconciliation.
Streamlined support with Banno Conversations
To ensure a high-touch service experience, Tap2Local bridges the gap between Banno and Moov's support systems for specialized merchant queries. Financial institution personnel can create support cases directly within Banno Conversations for situations that require input from the Moov support team, giving accountholders a smooth, native resolution experience.
Transaction reporting
The Tap2Local wallet gives small business owners a quick snapshot of their operations, with basic metrics to help them understand their business's performance. They can easily look at how much money they have received over the last month as well as other fundamental metrics – directly within their banking app. Merchants gain a real-time ledger with visibility into their cashflow.
“Banks that control payments ultimately control deposits. Tap2Local helps me own the payment experience for my customers, keeping us in the payment loop and ensuring deposits return to our bank.”
Knowledge Base
frequently asked questions
Have questions about Tap2Local? Check out our Frequently Asked Questions page that covers Tap2Local's functionality and experience, operational details, and more.