Breaking Industry News – Friday, August 23, 2019B ozeman, Mont.-based Frontline Processing Corp. launched the CBD Merchant Account Pilot Program, designed to support merchants in the rapidly growing U.S. cannabinoids sector. The market is on track reach $20 billion by 2020, providing the card processing industry with abundant opportunities, Frontline representatives stated.
The company has been active in the space, joining trade groups, meeting with government officials and keeping informed on best practices. On Aug. 21, 2019, the company disclosed it had joined forces with an acquiring sponsor bank to pilot test a CBD merchant program. The program was beta tested and hit capacity while in test mode, according to sources familiar with the project.
Online Edition – Issue 19:08:01By Dale S. Laszig
T he National ATM Council Inc. held its third annual ATMs go to Washington event July 23 to 24, 2019. The nonprofit trade association for the independent ATM industry brought 50 members to the two-day event, designed to update government leaders on trending issues in the independent ATM sector. Participants included independent ATM owners, deployers, processors, service providers and constituents from every state. Meetings with committees and subcommittees were productive and meaningful, NAC representatives stated.
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Financial Services & Payment Technologies
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Merchant Sales Podcast #54Learn how Matt Hoskins, Founder & CEO of PayProTec, built a successful ISO leveraging POS ISV partnerships to support innovation and superior service. Plus, Patti reports on what the break-up of BAMS and First Data could portend for competition in merchant services, and James explains the value of demos in the sales process.
Everlasting CapitalCompany profile from GS190801
I t's difficult to start, run and build a business without adequate working capital, but finding the right capital lender can also be difficult. This is the challenge that inspired Joshua Feinberg and partner Will Murphy to launch Everlasting Capital in 2012.
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