- CannaTrac, a cashless mobile-payment service for the cannabis industry, released an application programming interface for point-of-sale software developers.
- JPMorgan Chase & Co. CEO Jamie Dimon told investors the bank’s JPM Coin, a blockchain-based token now in test for intrabank corporate payments, one day could be offered to consumers, Bloomberg reported. Dimon also views the success of Square Inc. as a missed opportunity for Chase.
- NetElement Inc. announced its Unified Payments service achieved self-regulatory certification from the Electronic Transactions Association’s Self-Regulation Program.
- U.S. private-equity firm Warburg Pincus acquired Israel’s Leumi Card operation for $700 million; Leumi has issued 2.6. million credit cards and provides merchant-acquiring services to more than 40,000 businesses.
- Among small businesses, those with 50 or more employees are more likely to charge users in some way for their mobile apps than businesses with fewer than 50 employees. The chief methods of charging include in-app purchases, subscriptions, and paid downloads. Overall, 42% of small businesses charge for their mobile apps, according to the research from Visual Objects.
- Noble, a provider of a mobile food-and-drink-ordering platform, integrated payments capability from FreedomPay.
- FreedomPay said John Mansfield, a former Verifone Systems Inc. executive, will lead its revenue growth efforts.
- American Express Co. hired Monique Herena as chief human resources officer. Herena had worked at BNY Mellon, PepsiCo, Honeywell, and The Quaker Oats Co.
With real-time payments comes real-time risk, and now banks and their technology vendors are attacking …