In January 2020, Illinois joined 10 other states in the country (along with the District of Colombia) by legalizing recreational marijuana. While this has presented an immediate business opportunity that many have taken advantage of, the continued federal ban on the drug has led to unique challenges for both business owners seeking ways to process payments, as well as for … [Read more...] about Emerging Cannabis Market Presents Opportunities for Payments Trailblazers
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FinTech Reaches a Digital Tipping Point
The world of digital transactions is in the middle of a meteoric rise, spurred by major lifestyle changes in the face of Covid-19. Ecommerce has developed more in the past three months than in the ten years prior, and that growth still hasn’t plateaued. How do FinTechs take advantage of that growth and adjust for the future? That was the theme of Plug and Play Ventures’ … [Read more...] about FinTech Reaches a Digital Tipping Point
FinTech Offers New Tools in Fighting Fraud
Cybercrime continues to become more sophisticated and more prevalent as ecommerce accelerates. Synthetic identities are being used to open accounts, and account takeovers can be automated by networks of bots. Fraud targeting businesses will likely only continue to expand as the post-Covid world turns increasingly to online business, and staying on top of those attacks will … [Read more...] about FinTech Offers New Tools in Fighting Fraud
FinTech Matures
This year’s Money20/20 conference showed a maturing FinTech industry, with a focus as much on the how and why of financial technologies as on the what and the new. Crypto and blockchain weren’t as evident as they’ve been in the past while AI and machine learning discussions focused more on how to make impersonal technology processes at least seem more human, with more … [Read more...] about FinTech Matures
NACHA Promotes Blockchain-Backed B2B Payments Directory
B2B payments have historically caused problems in the financial services industry. Vendor onboarding, keeping current payment information, and ensuring the proper remittance are massive, time-consuming tasks that are only growing more complicated as real-time payments become a bigger factor. NACHA, through their October 1 acquisition of the Business Payments Directory … [Read more...] about NACHA Promotes Blockchain-Backed B2B Payments Directory
Payments Marketing: Transit Temptations
Mastercard is using transit payments in Chicago and New York as a way to get consumers used to contactless payments. With volumes estimated at less than .25%, contactless payments need all the push they can get. Transit advertising in Chicago goes beyond contactless payments, however, with campaigns for Venmo's debit cards, Zelle's person-to-person payments, Marcus's banking … [Read more...] about Payments Marketing: Transit Temptations