We have made the argument before that when it comes to mastering the technology required for next-generation payments, the structure of banks doesn’t permit it and the attitude of bankers won’t allow it. Seems that we’re not alone. McKinsey & Company has now come to the identical conclusion. In a fascinating report, McKinsey’s argues […]Read more "Banks Simply Can’t Handle Technology As Well As PFs"
Two weeks ago, we told you the tale of PayPal’s Venmo going overboard with compliance efforts, when it delayed any transaction that mentioned the word “Persian.” Not wanting to be outdone by any PayPal division, Chase has decided to top Venmo in the craziness department. Chase’s entry? It blocked the money transfer of a 55-year-old […]Read more "Payment Regulatory Insanity Two: A Dog Named Dash"
FastCompany recently took a fascinating deep-dive into the strategy and tactics behind Square’s design. It’s a terrific read, if only to explain the design genius behind a thoroughly under-appreciated feat of engineering. It’s certainly no surprise that the Square team would have taken so much time perfecting it’s design, which delivers a beautiful-yes, I think […]Read more "Square’s Design Miracle: EMV, NFC And An Amazing $49 Pricetag"
A recent survey found that 53% of Michigan residents who are likely to vote this fall would say yes to legalizing and taxing marijuana. Supporters of legalizing the drug say that this number is of no surprise to them. Support for the legalization of marijuana has continued to increase over the years in Michigan […]Read more "Michigan Likely To Say Yes to Pot"
Hawaii is among many states deciding how much marijuana a driver can safely consume before getting behind the wheel of a car. With legalization growing both medically and recreationally nationwide, this is an issue that many lawmakers want to tackle now. The State Department of Health is currently studying whether a person can safely drive […]Read more "How Much Marijuana Is Too Much While Driving?"
Under the latest card brand rules, payment facilitators are being held to exacting requirements. Note that the acquirer is now able to terminate a PF contract immediately with “good cause.” So while state and federal regulation may get the bulk of the attention, those are hardly the only areas of potential rules-enforced disasters. Visa’s […]Read more "Questions Every New Payment Facilitator Should Ask Its Payments Attorney"
British company, GW Pharmaceuticals, has given investors peace of mind that they are legitimate and ready to push forward past competitors in the marijuana industry. GW Pharmaceuticals recently released a a cannabinoid drug, Epidolex. After numerous studies, the company has proven that this drug has the ability to reduce seizures for children suffering from […]Read more "Cannabis Stock Skyrockets After Studies Prove Its Drug Reduced Seizures"