Last year, the Credit Card Competition Act of 2022, a bipartisan initiative, was introduced but stalled in the Senate. Its authors plan to reintroduce it
Recently, the Federal Trade Commission (FTC) issued Notices of Penalty Offenses to approximately 670 businesses, focusing on advertising claims, endorsements, and reviews. This action serves
We’ve only just finished the first quarter of 2023 and we’re already seeing movement for cannabis reform in more states. There are currently several promising
The challenge of banking and payment processing in the legal cannabis industry is well-documented, but less known is the plight of ancillary cannabis businesses. These
The PCI DSS v4.0, adopted in March 2022, marks a significant advancement in securing cardholder data. With a compliance deadline of March 2024, it’s crucial
In our digital age, the shift towards a cashless society is an increasingly discussed topic, but it’s not a new phenomenon. The journey towards replacing
For cannabis business owners and their customers, comprehending the complexities of federal banking, anti-money laundering laws, and the intricacies of the payment industry can be
The Federal Reserve, often associated with managing the country’s monetary policy, is introducing a groundbreaking digital payment system: FedNow. This new “real-time” payment platform marks
The transition towards a cashless society is accelerating, with digital payment solutions increasingly becoming the norm. This shift has significant implications for various industries, especially
For cannabis business owners, finding the right payment processor or Merchant Service Provider (MSP) is crucial but often overlooked due to the busy nature of
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