NetworkNewsBreaks – GreenBox POS, LLC (GRBX) Add
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Hardware and software technology company GreenBox POS (OTC: GRBX) this morning reported that it has started a new banking relationship under which it has already boarded and commenced processing accounts with volumes of more than $50 million annually. In addition, the company holds the option to increase the volume for these accounts to over $100 Million annually by the second quarter of 2019. “GreenBox will continue to add to its roaster of strategic partners in order to achieve the processing bandwidth it needs to support the business of its growing customer base,” GreenBox Executive Vice President Ben Errez stated in the news release. “We have new applications for our services in a total amount that far exceeds our 2019 goal of $1B in annual processing volume. As such, we need to grow our bandwidth accordingly.”
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