Payment processing

Once a relationship built on deceit, U.S. marijuana businesses and banks have begun opening up to one another to smooth the compliance burden of processing payments for the legal cannabis industry.

Once a relationship built on deceit, U.S. marijuana businesses and banks have begun opening up to one another to smooth the compliance burden of processing payments for the legal cannabis industry.

Consumer adoption numbers indicate most mobile wallets are stuck in the mud, but key wallet providers have made enough advances in other critical areas to suggest there is still potential in this market, Celent researchers say.

After more than two years of work on its real-time payments rail, The Clearing House senses it has the proper plumbing in place to make any new system hum. And the one thing it wants to make clear: This isn't your father's ACH.

Mastercard Inc. preyed on more than 46 million unknowing consumers by unfairly charging card fees over a 16-year period, lawyers seeking to bring a 14 billion-pound ($17.2 billion) class-action lawsuit told a London court.

Bitcoin exchange and digital wallet provider Coinbase has received a virtual currency and money transmitter license — commonly known as a BitLicense — from the New York State Department of Financial Services.

NCR Corp. has launched its FastLane Mobile Shopper software in the Globus hypermarket chain in Russia, citing it as the first supermarket/department store in Europe to offer the scan-and-go system.

The technology revolution requires ISOs and agents to pursue merchant relationships based on a range of services in addition to traditional hardware.

Corporate clients are increasingly asking their banks to help digitize back-office processes. Such a move can help both parties save time and money.

The processor has launched its Integrated Solutions Group, a new segment that focuses on software development tools for integration with First Data platforms.