Visa recently issued a memo detailing a common scheme being used by businesses in the cannabis industry—“cashless ATM” point-of-sale (POS) transactions. Cashless ATM transactions take place when a ...

Cashless ATMs allow consumers to purchase using a debit card in the same manner that they would use cash. ATMs (Automated Teller Machine) are commonly associated with cash dispensing machines, but the ...

While cannabis is increasingly being legalized by states, it's still illegal nationally, creating a range of payment workarounds — including some illegal options. Even under threat of thousands of ...

A point-of-sale terminal for merchants that are unable to accept credit card payments. Cashless ATMs allow people to use their debit cards to make purchases at such retail outlets. Also known as a ...

The burgeoning recreational marijuana industry – illegal at the federal level yet legal for adults in some 18 U.S. states and DC – has faced multiple challenges throughout the years, mostly because of ...

Cashless ATMs allow customers to use their bank cards to buy cannabis, in spite of federal prohibition. Money gets taken out of their account and goes to the dispensary. Sounds about right, no?

Marijuana shops across the U.S. are rushing to find alternative ways for customers to pay after networks that supported a popular workaround to the banking system began to shut down last week.

CINCINNATI (CNN Newsource/WKRC) - The number of ATMs is decreasing, as more Americans go cashless. The number of ATMs peaked in 2019, with 470,000 machines in the country, reports say. Once the ...

In this photo illustration a Visa credit card and Mastercard debit card are seen displayed. (Photo Illustration by Karol Serewis/SOPA Images/LightRocket via Getty Images) This Q&A was edited for ...