Cannabis Industrial Marketplace

Bill Ranta

Verde Payments

Session Title: Payment Processing in High-Risk Industries

Time: May 5th, 2020, 1:30pm EST

Professional Summary

A senior leader with 18+ years’ experience in high tech business systems, large account business development, partner and sales relationship management. Expert consulting experience in Card Not Present payment processing. Experience in best practice, payment management systems, transaction security, and building innovative payment products in high risk verticals. I have sold/managed accounts to over 200 large ecommerce merchants. Built and managed sales teams, and developed a dependable network of payment processing professionals to get it all accomplished.  

Experience with large Card Not Present Merchant Sales, complicated back office Integration, account management, Administration, Best Practice, Subscription/Recurring bill plans, and emerging markets like Cannabis. I also have a high level of card association rule/regulation experience for CNP high risk verticals and bank acquiring expertise.

Session Abstract

Discussion on the challenges that many businesses in the cannabis industry experience and the state of affairs for securing dependable payment processing when you are considered by financial institutions as "High-Risk".

  • Credit and Debit Payments for Cannabis
  • What the Farm Bill did, and what the FDA is doing for CBD
  • What’s legal and what’s not, today. For example, CBD edibles no longer legal
  • The SAFE Banking act. What’s next?
  • Federal Legalization and the impact on traditional card Payments
  • Payment solutions that work today for CBD merchants
  • Payment solutions for THC in both B2B and B2C merchants