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Sizzle/Fizzle

The Cannabis Payments Conundrum

In the 33 U.S. states (and D.C.) where it has been legalized in some capacity, marijuana sales have thrown off a fairly large chunk of tax revenue in the last year. The federal government collected an estimated $4.7 billion in taxes from legal cannabis companies in 2017. There’s just one, small, fizzly problem for the IRS: the vast, vast majority of that revenue is being paid in cash.

Data Digest

P-Cards Not Reaching Full Procurement Potential

Nearly 30 years ago Harvard Business Review predicted p-cards would overhaul the procure-to-pay process. While spend volume on p-cards has certainly grown, researchers for Treasury & Risk say the payment tool isn't close to reaching its full potential, and release stats on the biggest p-card benefits.

iBanFirst On The Future Of Cross-Border Payments

What's the best way to address cross-border payments friction? Is it prepaid cards or blockchain? Is it to address key pain points like FX fees, or is to overhaul the entire correspondent banking system? The question marks loom large, says Pierre-Antoine Dusoulier, CEO and founder of iBanFirst, but progress is being made. The "revolution," he says, has only just begun.

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