PAYQWICK FOR FINANCIAL INSTITUTIONS
PayQwick equips banks and credit unions with the technology, compliance and product capabilities needed to provide reliable treasury and payment solutions to cannabis-related businesses without the additional costs and risks of serving the industry.
Whether your institution is already serving cannabis businesses or just starting to evaluate the industry landscape, PayQwick has solutions from full portfolio outsourcing to portfolio management to new program launch. Join the PayQwick Financial Network today to participate in our national payment & settlement network.
SERVICES
Fully compliant and comprehensive multi-state cannabis program including:
| ✓ Complete Risk Assessment - KYC, BSA/AML Enhanced Due Diligence |
| ✓ Thorough Vetting and Onboarding of All Cannabis-Related Businesses |
| ✓ Cole Memo “Red Flag” and Transaction Monitoring |
| ✓ CRB Online Account Management Platform |
| ✓ Automated SAR/CTR filing |
| ✓ On- and Off-Balance Sheet Asset Management |
| ✓ Payroll, Investment, Lending, Merchant Solutions, etc. |
| ✓ Armored Courier – National Coverage |
BENEFITS
Myriad benefits for Financial Institutions entering or currently in the cannabis space, including:
| ✓ Serve CRBs and Ancillary SMBs Compliantly and Cost-Effectively |
| ✓ No Software to Install, No Additional Personnel Required |
| ✓ Grow Balances, Serve Local Markets |
| ✓ Simplify Operations - Faster Onboarding, Eliminate Capacity Constraints |
| ✓ Expand Treasury Product Offering – Leverage PayQwick’s Platform and Suite of Products |
| ✓ Serve CRBs Across the US |
| ✓ Go to Market – Faster! |
WHY PAYQWICK?
Compliant, Experienced, Scalable
5+ Years Serving the Legal Cannabis Industry Across the US
Experienced Management Team with Deep Cannabis and Banking Industry Specialization
Compliance Framework Verified by Federal and State Regulators
Only MTL Licensee in the Cannabis Industry to Hold Licenses in Multiple States
Over $1bn Transactions Processed
CONTACT US TO REVIEW YOUR OPTIONS FOR SERVING THE CANNABIS INDUSTRY