The Third Party Payment Processors Association has announced it is backing the Consumer Financial Services Association of America in its lawsuit against the Federal Deposit Insurance Company. The TPPPA recently issued an amicus curae, a brief statement brought to the attention of the U.S. Court, in support of the CFSAA’s lawsuit against federal regulators to…
Category: Industry News
How Cryptocurrencies Could Help Online Gaming Shortfall
When New Jersey launched its six online gaming websites last year, they expected a hefty cash windfall around $1.2 billion in the first year. As New Jersey’s online casinos near their one-year anniversary, they will likely fall short of the $100 million barrier, more than 10 times shy of the initial goal of $1.2 billion.…
NYU, Duke Offering Digital Currency Courses
For those with difficulty understanding the concept behind digital currency, Bitcoin 101 is in session. New York University and Duke University – both ranked in the recent US News & World Report’s Top Colleges and Universities poll – began offering digital currency courses this year. NYU is currently offering The Law and Business of Bitcoin…
E-Cigarette Risks Deemed Misleading
E-Cigarettes have been becoming increasingly popular in multiple countries around the world. As a battery-powered nicotine vapor delivery device, e-cigarettes are favored as a safer alternative to traditional tobacco products. However, institutions such as the World Health Organization have been quick to criticize the devices, even going so far as to say they pose a…
USA Today Launches Fantasy Sports Gaming Platform
It is difficult to envision the popularity of fantasy sports gaming can get any bigger, but USA Today is hopeful that is the case. The daily nationwide newspaper recently launched its own fantasy gaming website, Fantasy Score, last week which will concentrate on the NFL, with Major League Baseball, the NBA and NHL platforms on…
Marijuana Schools Teach Growing, Selling, Investing
The business of marijuana is booming, so much so that enthusiasts can choose from a handful of marijuana schools to learn about all facets of the business. From anywhere between $200-$500, “students” can learn growing and selling techniques within the regulations and using the marijuana trade as an investment. Medical marijuana is legal in nearly…
Does E-Cigarette Use As a Quit-Smoking Aid Lead to Success?
A University College London study says that the use of e-cigarettes as a quit-smoking aid has proven to be a successful option. The study, published on the Addiction Journal website, was conducted from 2009-14, and surveyed 5,863 smokers in the UK. As the debate continues regarding the long term health effects of e-cigarettes, the study…
Debt Collection Merchants Rights: Are They Changing?
Debt collection merchants need to pay strict attention to a recent Michigan court case that could have a lasting impact on their industry. In the court case, a condominium owner disputed a $55 charge from the homeowners association regarding a home assessment. The homeowner disputed the charge because he didn’t know what it was for,…
U.S. House Ruling to Enable Marijuana Merchant Accounts
The anti-marijuana sentiment in Washington is disappearing as the U.S. House of Representatives voted in support of making banking for marijuana dispensaries easier. The landmark vote – 236 to 186 in favor – was enacted to ease the burden of medical and legal marijuana dispensaries of processing transactions strictly in cash. Instead, the ruling is…
Banks Drop More Merchants Since Operation Choke Point
Since the US federal government launched Operation Choke Point to limit the spread of fraudulent merchants, more and more acquiring banks have been canceling the merchant accounts of high risk businesses around the globe. While this effort to demarket thousands of merchants included both fraudulent and legitimate businesses, many are still skeptical of the government’s…