Operational Security Solutions Teams Up With Cannabis Fintech Services Provider Monarch Technologies

Operational Security Solutions, a provider of full-spectrum risk management services with specialization in secure cash management and logistics, compliance services, security consulting, and facility hardening, has completed a new partnership with cannabis fintech banking and payment processing solutions provider, Monarch Technologies.

“As more compliant e-commerce solutions are created for the cannabis industry and the market matures, we are seeing a natural reduction in cash movements as the industry shifts to digital,” stated Scott Solomon, CEO of Operational Security Solutions. “We look forward to expanding our service offerings for high-risk businesses in the cannabis industry through our partnership with Monarch Technologies and are proud to offer the latest in emerging trends within this space.”

Monarch Technologies offers customized banking, payment processing systems and automated taxation services for the cannabis industry businesses. Monarch is a licensed money transmittal services company that operates as a cannabis fintech services provider for the legal cannabis industry, serving all types of cannabis license holders, governmental entities, and consumers. Under the partnership, Monarch Technologies’ services will enhance options for OSS marijuana related business clients by providing compliant e-commerce solutions through Helox, an Apple and Google Play store approved mobile payment app specifically designed for the cannabis industry.

The Monarch Helox platform allows businesses to collect payments from customers and vendors in both real time, face-to-face as well as remote payment scenarios without using cash in a world and industry that has pivoted to digital options.

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Photo: Benzinga; Sources: courtesy of jarmoluk and lindsayfox via Pixabay