Payment processing

The STATES Act allows the industry to resolve conflicts between state and federal laws by granting legitimate cannabis companies access to the financial system in marijuana-legalized states, writes Heather Peterson Altepeter, CEO of the National Merchants Association.

London-based digital payment provider Revolut has applied for an e-money license in Luxembourg in case the Brexit impact creates legal complications.

Offereins led to Discover's payments business to another year of strong growth while setting in motion a bold plan to disrupt the point-of-sale experience.

Before Hurricane Florence hit the U.S. this month, certain merchants prepared by stocking up on an unlikely item in the digital payments era: 1970’s-era carbon paper credit slips.

For businesses that serve a predominantly millennial audience, knowing the age group’s tolerance toward online security measures is an important lesson that coincides with customer retention, according to David Britton, vice president of industry solutions of global fraud and identity at Experian.

More than half of U.S. financial institutions have made same-day ACH funds available without seeing any major shifts in fraud. But observers warn that as same-day ACH introduces broader access and bigger transactions, it will become a bigger temptation for fraudsters.

Regional banks are in a much better position to offer a more flexible customer-centric proposition and better service to mid-market corporate and small business players than national issuers, according to Henry Pooley, chief commercial officer at Fraedom.

Stressing a need to address security in mobile payments and banking, ASC X9 has introduced a new standard — essentially part three of its wireless safety efforts, focusing on the management and security of mobile commerce implementations.

Blockchain and crypto will continue to have a revolutionary effect by presenting huge opportunities for how charities and beneficiaries interact, according to Nydia Zhang, co-founder and chairman of Social Alpha Foundation.

Participation by all members of the global payments ecosystem is encouraged through EMVCo's work to secure card-present transactions and incorporate broader applications.