Dama Financial today announced finalization of a strategic partnership with Helix TCS (OTCQB: HLIX) to facilitate secure and compliant financial transactions on Helix’s BiotrackTHC® platform, the commercial seed-to-sale software market leader for the legal cannabis industry. According to the update, Helix TCS will offer an additional payment method and access to a banking solution to BiotrackTHC® licensees through integration of Dama’s payment processing software, PayMyWay℠. Using the PayMyWay℠ mobile app at point of sale, merchants will be able to accept electronic payments and access a compliant online bank account where sales revenue can be securely deposited. “We are constantly working to identify solutions to critical infrastructure challenges that cannabis business owners face today,” Helix TCS CEO and Executive Chairman Zachary L. Venegas said in the news release. “We are pleased to announce that via our partnership with Dama Financial, operators no longer have to worry about secure and compliant payment processing or banking.”
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About Dama Financial
Dama Financial, through its partner banks, provides transparent, sustainable banking and payment solutions to legitimize the rapidly growing cannabis industry. Using innovative technology, data and artificial intelligence, Dama Financial exceeds the compliance and regulatory requirements for servicing high-risk businesses. Dama Financial’s industry experts are enabling another unbanked category to achieve their potential by removing the barriers that exclude them from accessing fundamental financial solutions. For more information, visit www.DamaFinancial.com.
Dama Financial is an agent of its partnering financial institutions and licensed money transmitters. Customer funds will be deposited into a custodial account maintained for the benefit of account holders at one or more FDIC-insured institutions. Fees, terms and conditions apply to depositing funds into and using an account managed by Dama Financial. Account Terms and Conditions and Fee Schedule are available upon registration to access the online application.
About Helix TCS Inc.
Helix TCS Inc. (OTCQB: HLIX) is a leading provider of critical infrastructure services, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk. Through its proprietary technology suite and security services, Helix TCS provides comprehensive supply chain management, compliance tools, and asset protection for any license type in any regulated cannabis market. Helix TCS’ products reach over 2,000 customer locations in 38 states and six countries and has processed over $18 billion in cannabis sales. For more information on Helix TCS and to sign up for investor updates, visit www.HelixTCS.com.
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