{"product_id":"jackhenry-pestle-analysis","title":"Jack Henry PESTLE Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMake Smarter Strategic Decisions with a Complete PESTEL View\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eGain a competitive edge with our PESTLE analysis of Jack Henry. Explore political, economic, social, technological, legal, and environmental trends shaping its strategy and risk profile. Purchase the full, downloadable report for actionable insights and ready-to-use slides and spreadsheets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eolitical factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory oversight of banking tech\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSupervision by banking regulators shapes Jack Henry product standards, certifications, and audit readiness, and in 2024 regulators emphasized third-party risk and payments resilience. Jack Henry must align roadmaps for core, digital, and payments to those supervisory priorities to protect its more than 9,000 client institutions. Policy shifts can accelerate or delay client upgrades, impacting deployment timelines and revenue recognition. Proactive engagement with regulators de-risks rollouts and shortens remediation cycles.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment cybersecurity initiatives\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eNational cyber directives and funding—backed by SEC incident rules in 2024 and growing CISA resources—push stronger controls across financial infrastructure, raising baseline expectations for vendors and clients. IBM 2024 reports average breach costs around $4.45M (financials ~$5–6M), so compliance raises costs but bolsters trust and sales. Participation in FS-ISAC and public–private intel sharing (7,000+ members) improves resilience.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePublic sector payments and RTP policy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGovernment support for instant payments, including the Federal Reserve's FedNow launched July 2023, accelerates institutional adoption timelines. Community institutions increasingly rely on vendors for compliance and connectivity, seeking turnkey RTP integrations. Jack Henry, which serves over 9,000 financial institutions, can convert RTP enablement into competitive wins. Clear policy reduces integration uncertainty and shortens time-to-market.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRural and community banking policy support\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cprural and community banking policy support sustains jack henry core market with about banks of u.s. thousands credit unions driving demand reported roughly revenue in fy2024 heavily tied to these clients. incentives grants can subsidize tech modernization while retrenchment could force budget cuts accelerate consolidation monitoring legislative agendas helps forecast demand.\u003e\n\u003cul class=\"lst_crct\"\u003e\u003c\/ul\u003e\n\u003cli\u003e~3,300 community banks (2024)\u003c\/li\u003e\n\u003cli\u003eJack Henry FY2024 revenue ≈ $1.6B\u003c\/li\u003e\n\u003cli\u003ePolicy shifts → client budget pressure\/consolidation risk\u003c\/li\u003e\n\u003cli\u003eGrants\/incentives boost modernization demand\u003c\/li\u003e\n\u003c\/prural\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeopolitical supply chain and talent\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eGlobal tensions strain hardware sourcing, cloud capacity and security talent — the ISC2 2023 global cybersecurity workforce gap was about 3.4 million, limiting hires. US\/EC export controls since 2022 constrain some partnerships and advanced tools. Jack Henry and peers mitigate via diversified vendors and nearshoring; continuity planning preserves institutional service levels.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e3.4M cybersecurity workforce gap (ISC2 2023)\u003c\/li\u003e\n\u003cli\u003eExport controls (post-2022) limit some tech partnerships\u003c\/li\u003e\n\u003cli\u003eDiversified vendors + nearshoring reduce supply risk\u003c\/li\u003e\n\u003cli\u003eContinuity plans protect service SLAs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory push forces core banking vendor to shore up \u003cstrong\u003e9,000\u003c\/strong\u003e clients, \u003cstrong\u003e$1.6B\u003c\/strong\u003e\n\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRegulatory focus on third-party risk, payments resilience and cyber rules (SEC\/CISA 2024) forces Jack Henry to align roadmaps to protect 9,000 clients and $1.6B FY2024 revenue. FedNow and instant-pay policy accelerate RTP demand among ~3,300 community banks. Export controls and a 3.4M cyber talent gap raise sourcing and ops risk; proactive regulator engagement shortens remediations.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eClients\u003c\/td\u003e\n\u003ctd\u003e~9,000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommunity banks\u003c\/td\u003e\n\u003ctd\u003e~3,300 (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFY2024 revenue\u003c\/td\u003e\n\u003ctd\u003e$1.6B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCyber workforce gap\u003c\/td\u003e\n\u003ctd\u003e3.4M (ISC2 2023)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eExplores how external macro-environmental factors uniquely affect Jack Henry across Political, Economic, Social, Technological, Environmental and Legal dimensions. Each section offers data-backed trends, forward-looking insights and actionable subpoints to help executives, investors and consultants identify risks, opportunities and strategic responses.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA clean, summarized and visually segmented Jack Henry PESTLE that can be dropped into presentations or shared across teams to quickly align on external risks, market positioning, and action priorities.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eE\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003economic factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest rate cycles and bank profitability\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRising policy rates (fed funds 5.25–5.50% in 2023–24) lifted bank net interest margins to roughly 3.4–3.6% (FDIC\/2023), which boosted IT budgets and drove core upgrades plus digital add‑ons; when margins compress, deals stall and buyers favor lower‑cost modules; flexible pricing and clear ROI metrics have preserved bookings and shortened sales cycles.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCredit cycle and bank health\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCredit stress raises operational-risk priorities at Jack Henry, driving demand for risk, fraud, and collections tools while healthy credit cycles enable broader platform migrations; Jack Henry serves over 9,000 financial institutions, and recurring maintenance\/subscription revenues—a majority of its business—help stabilize cash flows amid cyclical credit pressures.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eConsolidation among FIs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eM\u0026amp;A among financial institutions reduces the number of buying centers but creates large platform-replacement opportunities as combined banks rationalize core systems.\u003c\/p\u003e\n\u003cp\u003eRetention after deals hinges on conversion support and migration ease, with vendors that minimize downtime and data friction retaining more clients.\u003c\/p\u003e\n\u003cp\u003eWinning the combined entity expands ARR and cross-sell services, and strong implementation capacity—proven during 2023–2024 wave of bank consolidation—is a clear differentiator.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSMB and consumer spending trends\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePayments volume for Jack Henry tracks merchant and consumer activity: U.S. consumer spending rose 2.6% in 2024 (BEA), lifting transaction volumes, while SMB card volume softened ~1.2% in H1 2025 (payment network data), which dampens fee revenue; rebounds reverse this effect. Diversifying rails and value-added services reduces volatility, and data-driven insights enable targeted upsells into faster-growing sectors.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePayments sensitivity: consumer +2.6% (2024, BEA)\u003c\/li\u003e\n\u003cli\u003eSMB pressure: -1.2% H1 2025 (payment networks)\u003c\/li\u003e\n\u003cli\u003eMitigation: multiple rails + VAS\u003c\/li\u003e\n\u003cli\u003eOpportunity: data-led upsell into growth segments\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInflation and cost structure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eRising labor, cloud and third-party software costs have pressured Jack Henry margins, with fintech cloud spend across banks up roughly 15% year-over-year into 2024, pushing service delivery costs higher.\u003c\/p\u003e\n\u003cp\u003eIndex-linked client contracts and targeted efficiency gains (automation, standardized implementations) helped offset inflationary pressure in 2024, preserving recurring revenue predictability.\u003c\/p\u003e\n\u003cp\u003eAutomation and standardized implementations reduce delivery expense and time-to-value, while transparent, value-based pricing supports client retention and upsell.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLabor pressure: wage inflation in tech sectors up mid-single digits (2024)\u003c\/li\u003e\n\u003cli\u003eCloud spend: ~15% YoY rise (industry, 2023–24)\u003c\/li\u003e\n\u003cli\u003eOffset tools: index-linked contracts, automation, standardization\u003c\/li\u003e\n\u003cli\u003eRetention: transparent pricing improves renewal rates\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory push forces core banking vendor to shore up \u003cstrong\u003e9,000\u003c\/strong\u003e clients, \u003cstrong\u003e$1.6B\u003c\/strong\u003e\n\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eHigher policy rates (fed funds 5.25–5.50% 2023–24) raised bank NIMs to ~3.4–3.6% (FDIC), boosting IT spend and core upgrades, while NIM compression slows deals; Jack Henry serves \u0026gt;9,000 FIs, with recurring revenues stabilizing cash flow. Credit stress increases demand for risk\/fraud tools; M\u0026amp;A reduces buyers but creates platform-replacement opportunities. Payments\/activity: consumer spend +2.6% (2024), SMB card -1.2% H1 2025; cloud spend +15% YoY raising delivery costs.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFed funds\u003c\/td\u003e\n\u003ctd\u003e5.25–5.50%\u003c\/td\u003e\n\u003ctd\u003eIT budgets ↑\/↓ deals\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNIM\u003c\/td\u003e\n\u003ctd\u003e3.4–3.6%\u003c\/td\u003e\n\u003ctd\u003eVendor demand\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFIs served\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;9,000\u003c\/td\u003e\n\u003ctd\u003eStable ARR\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eConsumer spend\u003c\/td\u003e\n\u003ctd\u003e+2.6% (2024)\u003c\/td\u003e\n\u003ctd\u003eTxn vol ↑\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSMB card\u003c\/td\u003e\n\u003ctd\u003e-1.2% H1 2025\u003c\/td\u003e\n\u003ctd\u003eFee pressure\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCloud spend\u003c\/td\u003e\n\u003ctd\u003e+15% YoY\u003c\/td\u003e\n\u003ctd\u003eMargins ↓\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003eJack Henry PESTLE Analysis\u003c\/h2\u003e\n\u003cp\u003eThe preview shown here is the exact Jack Henry PESTLE Analysis document you’ll receive after purchase—fully formatted and ready to use. It covers Political, Economic, Social, Technological, Legal and Environmental factors with actionable insights and clear structure for strategic planning. No placeholders or teasers—this is the final file available for instant download.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"PortersFiveForce","offers":[{"title":"Default Title","offer_id":56162577252729,"sku":"jackhenry-pestle-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0914\/5276\/8633\/files\/jackhenry-pestle-analysis.png?v=1762703640","url":"https:\/\/portersfiveforce.com\/products\/jackhenry-pestle-analysis","provider":"Porter's Five Forces","version":"1.0","type":"link"}