Legalized for medical consumption in 20 states and for recreational use in Colorado and Washington, marijuana is still federally classified as a Schedule 1 narcotic. And federal rules prohibit federal banks and credit card companies from processing pot-related transactions. As such, dispensaries and growers cannot...
23 January 2014 By Jeffrey Green (@epaymentsguy) EBay’s board of directors on Jan. 22 rejected a proposal by investor Carl Icahn, who had submitted a non-binding proposal for a spin-off of its PayPal business into a separate company. Icahn earlier this month acquired shares and...
Factoring, in which a supplier sells an invoice to a financer to be paid less than the invoice's value immediately, all but dried up as a financing source for small apparel manufacturers in the wake of the recession. But it appears to be making a...
By: Eileen Goode (@eileengoode) Legalized for medical consumption in 20 states and for recreational use in Colorado and Washington, marijuana is still federally classified as a Schedule 1 narcotic. And federal rules prohibit federal banks and credit card companies from processing pot-related transactions. As such,...
By: Eileen Goode (@eileengoode) When businesses are paying each other, checks remain the dominant vehicle, representing on average nearly half of all B2B payments. Their primacy, however, is slipping. In 2004, 81 percent of payments were made by check, but by 2013 the rate had...
JPMorgan Chase's recent decision to try to sell off its government and commercial prepaid card business seems a bit surprising. After all, prepaid is among the fast-growing payment segments, so why give it up? MPD's Gloria Colgan offers up her views on why Chase made...
It goes without saying that the recent data breaches at some of the major U.S. retailers, including Target and Neiman Marcus, have exposed a harrowing reality in the payments space — that fraudsters can and will take advantage of any security flaw they can. As...
Businesses are turning to mobile technology to conduct product investigations and for purchasing, Internet Retailer reported on November 21. New Forrester Research cited by report found that 52 percent of businesses make purchases with tablets, with an equal number of respondents saying they buy things...
On the 12th anniversary of their partnership, MasterCard and CSI are breaking news about how they will help banks and corporate users realize the benefits of virtual cards to manage their accounts payables. Here are a few of the specifics as told by the two...
