The processor said the bank «identified» the transactions as payments for products that are prohibited, but did not give many other details.
Not exact matches
The company
says it has partnered with four of the seven major credit card
processors, which handle transactions for 10,000
banks and credit unions across the country.
In an email from Lindsay's payment
processor, the company
said the transactions were «suspended by our
bank.»
Banks likely purged any account related to marijuana in reaction to the comments,
says Lamine Zarrad, a former regulator in the U.S. Treasury Department and CEO and founder of cannabis payment
processor Tokken.
ACI, which delivers electronic
banking and payment solutions for financial institutions, retailers and
processors around the world,
said its data is based on an analysis of hundreds of millions of transactions from large global retailers between January and July 2015 compared with the same period in 2014.
The company also builds the
processors typically used to build mining rigs, and its Chief Technology Officer Mark Papermaster
said at a
Bank of America Merrill Lynch conference its product compete with bigger rival Intel Corp..
Im not
saying that the fulfillment of chargebacks and disputes cause
banks and other
processors to share interested to hook up with some Thai but not all parties agree on how strict the.