Fintech Firm PointsKash Names New CEO
Fintech innovator PointsKash has appointed Michael Herron as its new Chief Executive Officer. The leadership change comes as the company prepares for the national launch of its payments kiosks and mobile platform.
New CEO Michael Herron has served as the company's President and Chief Operating Officer for the past two years, tasked with operationalizing the business and building the infrastructure for commercial scale. His appointment signals a shift from development to a national market launch and revenue generation. The outgoing CEO, Steve Janjic, is the founder of PointsKash and will remain as the Chairman of the Board. Janjic, a Wall Street veteran, guided the company's platform development, which leverages the Algorand blockchain for its payment system. PointsKash's core business is a platform allowing consumers to aggregate and convert loyalty rewards points from various programs into cash. The company aims to tap into the estimated 48 trillion unredeemed loyalty points in the market. The company's "KashPoint" kiosks are multi-function financial service stations planned for high-traffic retail locations like gas stations and convenience stores. Beyond loyalty point conversion, the kiosks will offer ATM services, check cashing, bill payments, and the ability to buy and sell cryptocurrency. To facilitate this, PointsKash has secured partnerships with major financial networks. An agreement with Discover will allow customers to receive their converted cash on prepaid debit cards issued from the kiosks. Another partnership with Paysafe will integrate payment processing into the PointsKash app, which is scheduled to launch in mid-Q1 2026.
