Tuesday, October 9, 2018

GreenBox POS, LLC (GRBX) Delivering Cashless Solutions to Meet Evolving Needs of Diverse Market Sectors

  • Average daily GreenBox transaction volume projected to reach $1 million by 4Q2018
  • Recently announced completion of parent company takeover, ensuring that all assets are now transferred onto GRBX’s books as planned
  • Acquisition of Sky Mids Technologies includes Sky’s book of transactional business capable of processing greater than $1 billion annually
  • Global point-of-sale terminals market expected to reach $116 billion by 2025 with a CAGR of 9.9 percent
Hardware and software technology company GreenBox POS, LLC (OTC: GRBX) continues to meet its strategic goals head-on with a well-stocked suite of flagship products, services and custom hardware. The company recently completed the transfer of all business and assets of its parent company onto GRBX books in a transition that Executive Vice President Ben Errez said was accomplished without disrupting normal operations.
“We had a challenge delivering all the required disclosures on time. I am happy to see that the added effort paid off and the process was successfully completed,” Errez stated in a news release regarding the takeover (http://nnw.fm/rk9tA). “Our goal of being completely transparent with our shareholders, investors, and the market is a top objective for the company, and new procedures and additional staff will ensure this goal moving forward.”
The recent acquisition of Sky MIDS Technologies also brings not only Sky’s staff of highly qualified engineers to the GreenBox team, but the potential to greatly expand the company’s point-of-sale business. Sky’s transactional book of business, capable of processing over $1 billion annually, is selectively being added to GreenBox’s infrastructure volume, as detailed in a recent news release (http://nnw.fm/ZmP3H).
“We have been working with Sky for a while now and are thoroughly impressed with their technology and capabilities,” Errez stated in the release. “Their engineers are top notch and I am confident the synergy will continue to add to the plethora of new technologies we have brought, and will continue to bring, to market. GreenBox’s unparalleled infrastructure sets new and much higher expectations by both businesses and consumers. Following the Sky acquisition, we will be able to accelerate the pace by which the thousands of new business applications are processed, and the best selected to join our ecosystem and enjoy the benefits of our technology.”
GreenBox flagship products, services and custom hardware answer today’s call for portability, protection, security, accessibility and convenience, with all records stored on blockchain and data reliably secured and protected. For instance, the QuickCard Kiosk handles all cash management issues, physical and virtual (http://nnw.fm/iD1g2). The Kiosk, integral to the QuickCard payment platform, performs direct and immediate deposits from cash to blockchain and confirms bank account availability instantly. The GreenBox POS software is fully integrated with delivery and payment systems and features front register mode and back-end admin mode, in addition to super-admin mode to manage employees, vendors, expenses, taxes and compliance. The LOOPZ delivery software solution offers service dispatcher back-end technology with manual and automatic modes. Its unique design gives mobile delivery service operations full autonomous dispatch capabilities with two mobile apps (driver and consumer) running on Android and iOS.
The global point-of-sale terminals market is expected to reach $116 billion by 2025, growing at a CAGR of 9.9 percent during the forecast period, according to Grand View Research, Inc. (http://nnw.fm/iJq41). A significant surge in demand for affordable wireless technologies and mobile point-of-sale terminals, which decrease the cost of operation for retailers and provide better reliability, is underway among end users, per the report.
For more information, visit the company’s website at www.GreenBoxPOS.com
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