Mastercard told banks to stop allowing marijuana purchases to be made on their debit cards. REUTERS “As we were made aware of this matter, we quickly investigated it.

You can’t use Mastercard debit cards to buy marijuana Published: Aug. 01, 2023, 7:15 a.m. Cannabis businesses often rely on regional credit unions or deal in cash-only transactions because ...

From Jan. 1, 2028, Mastercard will only produce cards made from sustainable materials including recycled plastic such as rPVC, rPET, or PLA. The magnetic stripe on the back of cards is also set to ...

The FTC determined that Mastercard’s business practices in the digital wallet market violate the 2010 Dodd-Frank Act. The agency has ordered the company to change those business practices.

Mastercard instructed U.S. financial institutions this week to stop allowing purchases of cannabis on its debit cards, stripping customers of a convenient way to purchase marijuana without cash.