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Entering the cannabis banking market

Independent Banker

While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses. decided to take a close look at that market. “We By Judith Sears.

Marketing 113
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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

Cards 125
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Here’s How to Become More Than the Branch Next Door

Gonzobanker

Here are a few striking initiatives that caught my attention in the last couple of months: Issue biodegradable debit cards While Mastercard will require banks to use sustainable materials in issuing new payment cards by 2028, Bank of New Hampshire has been issuing biodegradable debit cards since last August. THAT IS WILD.

How To 109
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POSaBIT Rolls Out Mobile POS For Cannabis Merchants

PYMNTS

POSaBIT, based in Seattle, already manages millions of transactions for over 120 dispensaries across Washington, California, Nevada, Colorado, Arizona and Oklahoma. Even though legal marijuana industry keeps gaining traction — according to one official state estimate, the market in California alone will reach at least $5.1

Mobile 130
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Address Verification, D2C Shopping, Google’s Transition To SAP Ariba Top This Week’s News

PYMNTS

The companies are casting a broader net of collaborators, with the announcement that their Business Payments Network (BPN) is growing to include support for ACH and wire transactions in addition to card payments. The Clearing House On The Race for Real-Time Payments In The US. Instacart-Walmart Delivery Pact Heats Up Online Grocery Wars.

Oklahoma 160
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A Cardless Streak Coming (Maybe)

NCR

The roots of Oklahoma Fidelity Bank go back more than a century—the institution originated with Fidelity Investment Co., That’s right, the card is gone. And yet the idea of a mobile app replacing the card—the ultimate anachronism—is so unusual? It’s easy enough to identify outliers, whether they be in Oklahoma or South Korea.

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How ButcherBox ‘Meats’ The Challenges Of Subscription Commerce

PYMNTS

Americans are enthusiastic carnivores, according to a study from Oklahoma State University, which found that beef consumption in the U.S. ButcherBox has had a few instances of fraud since its founding, with fraudsters using stolen credit cards to have subscriptions sent to random addresses. will reach 56.8

Fraud 108