Payments News

On The Web

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Governors Call on Congress to Pass Cannabis Safe Harbor for Financial Institutions

“In a letter to Congress, the governors advocated for the Secure and Fair Enforcement (“SAFE”) Banking Act , or similar legislation, to remove legal uncertainty for banks and credit unions seeking to provide marijuana financing. As previously noted , the SAFE Banking Act creates protections for depository institutions that provide financial services to cannabis-related legitimate […]
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Columbia Care Launches Credit Card for Medical Cannabis Industry

“Columbia Care, a multistate operator in the medical cannabis industry, has launched a national credit programme across the US. The Columbia National Credit programme (CNC Card) enables the company capable of accepting a credit card for cannabis purchases. The launch follows a pilot in New York in the second half of last year.”

On The Wires

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Safe Harbor and CanPay Team Up Again to Bring Much-Needed Compliant Banking and Payment Solutions to Florida’s Growing Medical Marijuana Market

“CanPay, the largest legitimate debit payment solution for the cannabis industry, and Safe Harbor Private Banking,  the leading compliant banking program for cannabis businesses, have partnered once again, this time providing banking services and cashless payments to Florida’s medical marijuana market, which now boasts more than 50 dispensaries and nearly 130,000 patients statewide. “
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Hypur Brings Nationwide Payments Solution to Cannabis Consumers and Merchants

“Hypur, Inc. announced that its reliable and secure electronic payment solution is now available for state legal marijuana-related businesses (MRBs) throughout the United States. Through its compliance technology, point-of-sale integrations, and payment solutions capabilities, Hypur provides complete transparency to the cannabis payments process. Hypur enables consumers to purchase products from their local dispensaries while also allowing […]
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POSaBIT Launches Fully Compliant Mobile Payments Technology for Cannabis Industry

“POSaBIT , a leading financial technology company delivering unique blockchain-enabled payment processing and point of sale (POS) systems for cash-only businesses with a focus on the cannabis industry, announced the rollout of its fully compliant mobile payments system for dispensaries across states. POSaBIT’s new handheld device allows for compliant processing of mobile delivery that could […]