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- Paycosmos, a provider of virtual and point-of-sale terminals, has teamed with payments provider linked2pay to launch “ISO in a Box,” a platform that offers sales agents support with acquiring and underwriting merchants and help with payments technology.
- Cashierless technology like that of Amazon Go will account for $45 billion in retail spending worldwide by 2023, up from $253 million this year, according to a report from Juniper Research. The technology, however, will still represent less than 1% of all retail transactions five years from now, the firm predicts.
- JPMorgan Chase & Co. said its Interbank Information Network has signed more than 75 banks, which it says is the largest number of banks so far to sign on to a live blockchain application. Launched last year, the network speeds payments by handling data requests more efficiently, the bank said. The IIN is the first live blockchain service offered by Chase.
- U.S. Bank introduced a new rewards business card called the Business Leverage Visa.
- Processor Fiserv Inc. said CFCU Community Credit Union in Ithaca, N.Y., will use its core banking platform as well as other Fiserv services, including electronic bill payment, wire transfers, and automated clearing house and payment card processing.
- Imaging software developer Mitek Systems Inc. said it and Netherlands-based JanusID have developed a real-time online identity-verification app dubbed CheckID for small and mid-size businesses to book new customers and employees. The application uses Mitek’s Mobile Verify technology and complies with European Union regulations, Mitek said.
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