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SAN DIEGO, Calif., June 24, 2021 (GLOBE NEWSWIRE) – GreenBox POS (NASDAQ: GBOX) (“GreenBox” or the “Company”), an emerging financial technology company leveraging the security of the proprietary blockchain to create personalized payment solutions today announced an exclusive new partnership with the Territorial Bank of American Samoa (TBAS) to provide payment solutions software to consumers and businesses in American Samoa for financial transactions.
GreenBox POS will provide TBAS consumers and business banking customers with cutting edge technology, including money transfer and commerce services, credit and debit card processing, EBT processing and ATM processing automatic.
By adopting GreenBox technology, TBAS enables businesses to accept card payments without having to pay international tariffs and cross-border fees. The new TBAS card solution will ensure that payments from professional customers are received in real time directly into their account. The new card program also offers business customers a higher level of security to protect against fraud and theft. Additionally, a “contactless” payment option is available, allowing businesses to comply with all COVID-19 guidelines.
David Buehler, President and CEO of TBAS, said: “Payments are at the heart of our business, this partnership with GreenBox is a further step in our strategy to provide our customers and businesses of all sizes with an offering of integrated payment. Consumers and local businesses will have access to payment solutions options that they have never had before on GreenBox’s secure blockchain ledger technology. We look forward to a successful partnership with GreenBox that will allow our customers to thrive in a rapidly changing payments environment ”.
“The opportunity to develop a streamlined payment infrastructure for businesses, banks and countries is at the heart of why GreenBox POS was created,” said Ben Errez, President of GreenBox POS. “We are very pleased to be able to offer our cutting edge technology solutions that meet the lifestyle, customer preferences and business needs of the American Samoan community. We look forward to working with David and the rest of the TBAS team as we prepare the plan to form similar partnerships with other islands, banks and countries. “
The Territorial Bank of American Samoa offers a full range of banking products and services, including chequing, savings and term deposit accounts, online banking, and consumer, personal and business loans. Please visit our website at www.mytbas.com or call us at (684) 633‐8143 for more information. The People’s Bank – Faletupé where the Atunu’u.
A Bon GreenBox POS
GreenBox POS (NASDAQ: GBOX) is an emerging financial technology company that leverages proprietary blockchain security to create personalized payment solutions. The Company’s applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the processing efficiency of large-scale commercial processing volumes for its merchant customers around the world. For more information, please visit the company’s website at www.greenboxpos.com.
Disclaimer Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions about future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are predictions only and speak only as of the date hereof. In evaluating such statements, potential investors should carefully consider the various risks and uncertainties identified in this release and the matters set forth in the documents filed by the Company with the SEC. These risks and uncertainties could cause the actual results of the Company to differ materially from those indicated in the forward-looking statements.