Splitit joins the Jack Henry Fintech Integration Network

Splitit has integrated its white-label installment platform with Jack Henry, a major provider of technology for community and regional banks. This move allows local banks to offer branded 'pay-later' options directly to their customers without the high costs of building their own tech. For retailers and operators, this signals a major shift in the Buy Now, Pay Later (BNPL) landscape. Instead of relying solely on third-party apps like Affirm or Klarna, your customers may soon be able to use installment plans provided directly by their own trusted local bank. This integration makes it easier for smaller banks to issue 'bank-linked' installments. Because these plans use a customer's existing credit line rather than a new loan application, they often have higher approval rates and lower friction at the checkout counter. For merchants, this could mean more reliable financing options for shoppers who are wary of third-party lenders but trust their primary bank. It also suggests that BNPL is becoming a standard feature of traditional banking rather than just a fintech trend. If you partner with local banks for consumer financing, ask if they plan to leverage this new integration to streamline your customers' payment experience.

Source: Finextra — Lending

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