Green Check Partners with PAI, Powered by Brinks, Expanding Access to Reliable Integrated ATM Solutions for the Cannabis Industry
April 16 2024 - 10:30AM
Green Check (GC), the leading fintech provider of financial
services solutions and industry insights in the emerging cannabis
market, today announced its partnership with Payment Alliance
International (PAI), Powered by Brinks, to deliver seamless ATM
solutions to the cannabis industry. This new partnership
empowers PAI to reach more operators via Green Check’s extensive
network of cannabis-friendly financial institutions.
The partnership further evidences Green Check’s commitment to
expanding access to financial and business services for the growing
cannabis industry and the tens of thousands of legal,
state-licensed operators looking for reliable providers and
services.
“Within the more than 9,000 cannabis businesses currently on the
Green Check Connect marketplace, our data shows more than 70% of
the $7.8 billion processed over the last 12 months was cash-based,”
said Kevin Hart, founder and CEO of Green Check. “With cash
currency still holding the lion's share of transactions in the
cannabis industry, it is imperative to have reliable, trusted
integrated ATM cash management solutions that support cannabis
operators’ growth and success. We’re excited to partner with PAI to
do just that.”
Cannabis payments solutions have been in the news recently with
increasing enforcement of several key restrictions regarding credit
card usage, in particular.
“In an environment where operators are uncertain which digital
payment solutions are going to be reliable or available, the one
constant is cash, meaning a cannabis business cannot have cash
disruptions and unreliable ATMs without directly and dramatically
impacting their customers and their bottom lines,” said David Dove,
CEO of PAI, Powered by Brinks. “PAI solutions enable
consumers and businesses to have reliable access to cash, real-time
visibility to transactions and revenue, as well as comprehensive
reporting to meet compliance requirements. We want to create more
transparency, normalize the industry, and assure anyone can access
cash when needed.”
Both companies will be attending the Benzinga Cannabis Capital
Conference in Hollywood, Florida on April 16-17, where they will
share more details on the launch of the partnership.
About PAI
Payment Alliance International (PAI), Powered by Brinks, is one
of the largest providers of ATM portfolio management tools and
services in the United States, including transaction processing,
bank sponsorships, terminal maintenance and PAI Reports—the
company’s market-leading technology—for more than 100,000 ATMs. PAI
provides portfolio management tools that offer customers the most
visibility and control to maximize ATM portfolio effectiveness and
profitability. For more information, visit www.gopai.com
or https://www.gopai.com/cannabis.
About Green Check
Green Check (GC) is modernizing the way cannabis businesses and
financial institutions work together. Founded in 2017 by a team of
technology, banking, and regulatory experts, GC provides
industry-leading technology, advisory services and data-driven
insights to more than 150 financial institutions and over 9,000
cannabis-related businesses. Green Check was included in the 2023
Forbes Cannabis 42.0 and named one of 50 game-changers in the
cannabis industry in the 4th annual The Cannabis 50. It has been
repeatedly recognized as Top Compliance Company and Top Compliance
Leader at the PBC Awards, the premier cannabis industry honors. In
addition, it has been recognized as the Top Financial Technology by
the Green Market Report and was also named as one of top Best
Places to Work in Fintech in 2022 and 2023 by American Banker. To
learn more about Green Check, visit greencheckverified.com and
follow GC on LinkedIn.
Christina Levin
Caliber Corporate Advisers
greencheckverified@calibercorporateadvisers.com