KANSAS CITY, Mo., Oct. 08, 2019 (GLOBE NEWSWIRE) — via NetworkWire – PRESS RELEASE — Dama Financial announces it has finalized a strategic partnership with Helix TCS to facilitate secure and compliant financial transactions on Helix’s BiotrackTHC platform, commercial seed-to-sale software for the legal cannabis industry.
Helix TCS will integrate Dama’s payment processing software, PayMyWay, to offer an additional payment method and access to a banking solution to BiotrackTHC licensees. The integration will allow merchants to accept electronic payments using the PayMyWay mobile app at point of sale and have access to a compliant online bank account where sales revenue can be securely deposited.
“We are constantly working to identify solutions to critical infrastructure challenges that cannabis business owners face today. We are pleased to announce that via our partnership with Dama Financial, operators no longer have to worry about secure and compliant payment processing or banking,” said Helix TCS CEO and Executive Chairman Zachary L. Venegas.
Leveraging years of experience in underbanked and cash-intensive industries, Dama Financial provides cannabis-related businesses (CRBs) with best-in-class financial solutions. Using Dama’s cutting-edge technology, CRBs can manage all of their banking and payment needs via one platform, akin to any non-cannabis-related business, eliminating the hassle and risk associated with cash-intensive businesses.
Helix TCS and its wholly owned subsidiary BioTrackTHC have been bringing both proprietary and integrated solutions to the legal cannabis industry that enable clients to manage their businesses compliantly and securely, grow sales, and maximize efficiency of operations.
“The BiotrackTHC team is undoubtedly leading the future of automated technology for businesses in the seed-to-sale supply chain. We are proud to partner with them and look forward to pioneering the conversion of a cash-based economy to a digital economy,” stated Dan Henry, CEO of Dama Financial.