CryptoNewsBreaks – GreenBox POS (NASDAQ: GBOX) Enters ACH Payment Processing Vertical, Opening Profitable Multimillion Revenue Stream
GreenBox (NASDAQ: GBOX), an innovative blockchain ledger fintech company, recently announced it would offer Automated Clearing House (“ACH”) processing capabilities to merchants leveraging its blockchain technology and smart contract technology to transfer funds electronically for ACH debit and credit transactions. ACH is a network payment system that handles credit transfers such as social security benefits, direct deposit of paychecks, dividend payouts, and tax refunds, as well as debit transfers such as subscription and mortgage payments and utility bills. It boasts low execution costs, making ACH payments an attractive and advantageous payment alternative for merchants by offering substantial cost savings to…