- REFG solves cash-handling issues with electronic system solution
- Introduction of Green as a platform with full merchant account functionality
- REFG’s CEO highlights plans to enter the bitcoin market
Medical Cannabis Payment Solutions (OTC: REFG) boasts an industry first. Through a state-of-the-art financial services system that is easy to set up and simple to use, the company’s solution to cannabis banking has shown how to solve cash-handling issues, offering electronic payment and e-commerce features. This gives the marijuana business direct and immediate access to funds while still complying with all federal (FinCEN) laws aimed at combatting both domestic and international money laundering and terrorist financing, among other financial crimes. REFG is not only compliant with these regulations; the company’s end-to-end payment processing solution has finally provided cannabis retailers and consumers with payment options other than cash. Although marijuana has been one of the fastest-growing industries over the last couple of years and is expected to continue growing at the same pace throughout 2018 and beyond, authorized businesses and vendors still have a hard time managing their finances and customers in the absence of banking services (http://nnw.fm/E7dgu).
REFG emphasises that it is a “first-tier merchant processing cannabis industry pioneer, bringing to market the first and only comprehensive card processing operation of its kind; a state of the art system which tracks sales and tax collection, and empowers businesses with…
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