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CryptoNewsBreaks – GreenBox POS (NASDAQ: GBOX) Enters ACH Payment Processing Vertical, Opening Profitable Multimillion Revenue Stream

By: Investor Brand Network

March 03, 2022 at 14:31 PM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

GreenBox (NASDAQ: GBOX), an innovative blockchain ledger fintech company, recently announced it would offer Automated Clearing House (“ACH”) processing capabilities to merchants leveraging its blockchain technology and smart contract technology to transfer funds electronically for ACH debit and credit transactions. ACH is a network payment system that handles credit transfers such as social security benefits, direct deposit of paychecks, dividend payouts, and tax refunds, as well as debit transfers such as subscription and mortgage payments and utility bills. It boasts low execution costs, making ACH payments an attractive and advantageous payment alternative for merchants by offering substantial cost savings to conventional credit and debit cards. The launch of the new ACH bulk processing initiative dovetails with GreenBox’s goal of increasing its overall processing volume, a key organizational pillar on which the company measures its success. A recent article quotes GreenBox POS CEO Fredi Nisan as saying: “ACH bulk processing offers a profitable new multimillion-dollar revenue stream for GreenBox. Our clients have long been demanding it, and now we can offer it with our superb technology.”

To view the full article, visit https://ccw.fm/oduWN

About GreenBox POS

GreenBox is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The company’s applications enable an end-to-end suite of turnkey financial products, fraud detection and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the company’s website at www.GreenBoxPOS.com.

NOTE TO INVESTORS: The latest news and updates relating to GBOX are available in the company’s newsroom at https://ccw.fm/GBOX

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

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