NetworkNewsBreaks – Medical Cannabis Payment Sol
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Medical Cannabis Payment Solutions (OTC: REFG), through its Green FinCEN-compliant processing system, enables patients to link their bank accounts and debit those accounts to make purchases at state-licensed cannabis establishments. A recent article discussing the company reads: “Green allows a dispensary to take electronic payments and deposit cash securely, all in complete FinCEN compliance. Merchants can open an account on the company’s website by completing a Dispensary Merchant Application (http://nnw.fm/3M7qh). Using the system, dispensaries need not worry about regulatory issues, since FinCEN compliance is incorporated into the transaction processing platform. Medical Cannabis Payment Solutions keeps customers in compliance and retains the necessary records to prove that. The company is a Level 1 payment processor certified by Visa, MasterCard and Europay. The Green platform is expected to find widespread application, as it integrates with most shopping carts and POS systems. Presently, it is processing roughly 60 million transactions per month.”
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