Pinwheel partners with Jack Henry to expand direct deposit solution
By Delisha Fernandes
Pinwheel, a US-based FinTech company, has partnered with Jack Henry to expand its direct deposit switching (DDS) solution.
By leveraging the Banno Digital Toolkit, Pinwheel embedded its technology into the digital experiences provided by community and regional financial institutions. Access to Jack Henry’s API and frameworks allowed for seamless integration, contributing to Jack Henry’s ecosystem.
“Accessibility is a core value to Pinwheel, and one we carefully considered when embarking on our collaboration with Jack Henry,” said Brian Karimi-Pashaki, Partnerships Lead of Pinwheel. “This collaboration with Jack Henry allows our full-coverage direct deposit solution to reach a broader population of community and regional financial institutions, in turn, giving their consumers greater agency and freedom to move their money to a financial institution of their choice in mere seconds. Partnerships with leading companies such as Jack Henry allow us to continue working towards a fairer and more innovative financial future.”
Pinwheel’s next-generation DDS product is powered by our payroll partner network and is unlike other industry offerings for several reasons, but a few key differentiators paramount to its partnership with Jack Henry start with Pinwheel’s market-leading coverage. Pinwheel’s DDS is the only product available that covers 100% of the US workforce, enabling any US worker to move their direct deposit within seconds, regardless of whether they’re a full-time employee, a gig worker, receiving unemployment benefits or SSI payments or some combination of these options.
Pinwheel is powering the next generation of finance and prioritizes partnerships that foster innovative customer experiences. “As financial institutions of every size intensify their focus on digital banking to enhance customer service, our collaboration with Banno empowers them to provide a smooth, integrated direct deposit experience to their customers,” added Michael Cowart, Business Development & Partnerships of Pinwheel.
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February 28, 2024
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