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- Prepaid card and payments specialist InComm announced it is adding 150 jobs and investing more than $20 million in the Atlanta and Columbus, Ga., areas. The moves follow its acquisition of the distribution rights to American Express Co.’s reloadable and gift card products, and the purchase of the AmEx Serve platform.
- Point-of-sale system provider Upserve opened a customer-operations center in Denver. It also named Mike Coar as senior vice president of customer operations.
- After eight months of work, the Faster Payments Council proposed a framework for how it should operate, the Federal Reserve said. The council, which will shepherd the U.S. faster payments system, will replace the Governance Framework Formation Team that will be disbanded at year-end.
- Boomtown, a services provider to the payments industry, said Paya will use its Relay service for technology support and customer service.
- Square Inc. released its Small Business Summary that found that 72% of small-business owners said they face more challenges today than five years ago. Forty-nine percent say cash-flow concerns keep them awake at night.
- The Secure Technology Alliance released white papers on the trusted execution environment and the EMVCo payment-account reference.
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