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Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs

PYMNTS

No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Credit card statements will show that a purchase was made at the “Midgrun Eats LLC food truck, not at the Blüm Marijuana Dispensary ,” the Reno Gazette-Journal reports. .

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Payment Co. Nexi’s IPO Raises $2.3B

PYMNTS

Digital payment company Nexi has raised $2.3 It is also the third IPO for a payments-related company in less than a year. As the largest payment company in Italy, Nexi has agreements with around 150 banks in the country, and also a 60 percent market share in card issuing. billion euros, with debt. billion euros.

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Adyen Shares Start Trading At 67 Percent Above IPO Pricing

PYMNTS

Shares of the Dutch payment processing firm Adyen debuted Wednesday (June 13) at €400, or about $470, which stood at 67 percent higher than the company’s IPO pricing. Adyen offers payment processing for stores and online transactions — tasks traditionally controlled by major financial institutions, credit cards and some IT suppliers.

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Five At Five: Even Financial Gets New Funding Round

PYMNTS

Welcome to the Five at Five, your late look at the payments and commerce news of the day. The firm, which is a unit of Steinhoff International Holdings NV, had sought to restructure some of its debt. As part of the agreement, Visa will offer a tokenized virtual card to Behalf clients, which allows them financing for business purchases.

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New Big Tech Attacks, Uber Subscriptions Dominate Week’s News

PYMNTS

We at PYMNTS hope you had a terrific week, and that you did not miss any big news from the worlds of payments and commerce. You can read about how food trucks can help untangle the marijuana payments knot, the link between the Netflix series “Stranger Things” and Big Tech, Google’s rebound, PayPal’s problems and much more.

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PaySwag Launches Payment Collection App for the Underbanked

Fintech Labs Insights

Next, PaySwag launched a simple payment collection app: “PaySwag’s payment, rewards, education, and feedback engine offers a gamified mobile experience for improving the financial lives of the underbanked. The mobile app simplifies the collection of payments, fees, and fines with cash or cards. HQ: Reno, NV.

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MoneyAmigo Delivers Traditional Banking Products in a Non-Traditional Way

Fintech Labs Insights

Then, MoneyAmigo showed how its serves underserved markets: “MoneyAmigo fuses a simple user experience, with innovative and sophisticated “in-chat” peer-to-peer payments – crossing any boarder in 3 clicks; 3 seconds. HQ: Las Vegas, NV. Metrics: $300,000 raised, 7 person dedicated team, lead by Kim Norland. Founded: January 2015.