The USA Patriot Act significantly impacts cannabis business banking and payment processing. Understanding these implications is crucial for cannabis business owners. Overview of the USA
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
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
Due to the federal illegality of cannabis, dispensaries face significant challenges in accepting credit card payments, with major networks like Visa, Mastercard, and AMEX unable
Bankcard International Group
300 West 15th Street, Suite 310 Vancouver, WA 98660
1-800-895-1580