Grab, Razer, AirAsia, Axiata and CIMB join other companies that are considering applying for digital banking licenses in Malaysia, sources told Reuters on Wednesday (Jan. 22). Some are in discussions with consultants for guidance as they ponder a move into digital banking, according to the sources, who are familiar with the matter. Regional financial institutes […]
The streaming wars have started in earnest, and with the first Netflix earnings reports since late 2019, dual launches of Disney+ and Apple TVâ€™s streaming services clearly have the digital streaming giant starting to feel the pinch.Â Netflix reported earnings for the first quarter (Q4 2019) where the new competition officially entered the scene yesterday […]
Robotics and artificial intelligence company Berkshire Grey has raised $263 million in Series B financing to continue providing global Fortune 100 companies with retail, eCommerce and logistics fulfillment automation. SoftBank, Khosla Ventures, New Enterprise Associates and Canaan all participated in this financing round, Berkshire Grey said in a release Tuesday (Jan. 21). The funds will […]
With the new IBM Policy Lab, IBM is looking to regulate artificial intelligence (AI) development in a way that is safe, but does not infringe upon the creation of new technology, reports said. The lab, soft-launched in November, will allow IBM the space and time to craft a vision for AI moving forward. The company […]
Monerium, a startup based in Iceland that has a European Economic Area (EEA) e-money license, has teamed up with Algorand, a blockchain with a highly scalable consensus algorithm, according to a report Tuesday (Jan. 21) by Coindesk. The deal was announced on Tuesday (Jan. 21), and the two companies are going to work together to […]
View a selection of deBanked CONNECT MIAMI photos here View every official deBanked CONNECT MIAMI 2020 photo on facebook Ready for deBanked’s biggest event of the year? Broker Fair returns to New York City on May 18th REGISTER NOW BEFORE EARLY BIRD PRICING EXPIRES
A study conducted by Square Capital and the Stevens Center for Innovation in Finance at the Wharton School at the University of Pennsylvania, pulled back the curtain on small businesses and the financing process. Notably, the #1 reason that businesses said they had been declined for funding (regardless of the source) wasn’t credit, it was […]
Alan Heide, the former CFO of defunct Hallandale Beach-based 1 Global Capital, was sentenced to 5 years in prison earlier this week for his role in the company’s securities fraud. He is one of three individuals that have pled guilty so far and the first to be sentenced. The other individuals, attorney Jan Douglas Atlas […]
Two special guests will speak at Broker Fair 2020 on May 18th in New York City. Scott Rasmussen and John Henry will complement a roster of leading professionals from the commercial finance industry. Broker Fair 2020 will be deBanked’s largest ever event. TICKETS ARE ON SALE NOW AND EARLY BIRD PRICING IS STILL AVAILABLE!
deBanked’s annual South Florida event, deBanked CONNECT MIAMI, begins today at 1:30pm at The Loews Hotel in Miami Beach. Check-in will take place at the Rotunda on the 2nd level. This event is SOLD OUT. More than 500 people are registered to attend this year. Got an event question? Email: [email protected] Got a general deBanked […]
Zero Fee Commerce is introducing a bank sponsored payment service for the cannabis industry.
Cannabis businesses may now open merchant accounts to accept PIN debit cards.
Zero Fee Commerce is leading the way by offering this service nationally in the United States and Canada.
What the Zero Fee Commerce solution offers:
A Bank Sponsored Merchant Account
Payment Service for PIN Debit Transactions
A Surcharge may be Recovered in Dollar Increments
On-Line Reporting and Statements
API Integration into POS Software and Seed to Sale Software
Wireless Processing for Delivery and Mobile Business
For years, to accept credit cards, cannabis businesses “merchant account hopped”, or set up less desirable payment options. Cannabis shops would set up merchant accounts in another businesses name. This could result in bank fines and being placed on a “terminated merchant list”, which is not a viable solution. Cannabis shops could use ATM machines or point of banking terminals, (many of which are not bank sponsored). Additionally, ATM machines are expensive and have the additionally large task of managing cash.
There have also been alternative payment options such as offshore processing accounts and online wallet accounts which use an aggregating type of solution whereby a 3rd party re-sends funds to make deposits. These solutions also have one thing missing. They do not use a sponsoring bank to process the wires or ACH transactions. Many times, the 3rd party aggregation is not informing their sponsoring bank about the nature of these transactions.
Zero Fee Commerce merchant account has none of these issues. Zero Fee accomplishes this by processing only debit card payments which utilize debit networks, and avoid processing through the Visa and MasterCard and American Express networks. This allows the sponsoring bank and the businesses utilizing Zero Fee’s solution to avoid the regulations imposed by card associations.
Improve your customer experience with Zero Fee’s bank approved merchant account. Process transactions securely and avoid liability. Contact Zero Fee Commence today to establish an account.