Blockchain Transaction Record
The Nation’s Largest Cannabis PIN Debit Processor Goes Down, as Card Brands Move Toward Terminating All PIN Debit Processors
This disruption hints at a larger impending fallout affecting the entire nation's cannabis dispensaries' PIN debit processing by year-end. Despite these challenges, Allegiance Service emphasizes alternative payment solutions, such as ATMs, ACH, and certain credit card systems, which remain viable and user-friendly for dispensaries.
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Key Takeaways (TLDR)
- Dutchie, a major cannabis point of sale company, lost PIN debit processing, affecting over 900 dispensaries.
- All cannabis PIN debit payment processors are expected to be impacted by the end of the year.
- Dispensaries still have alternative payment options such as ATMs, ACH, and compliant credit card solutions.
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Allegiance Service does not have any other recent news to report at this time.