Payteller® Kiosk Solves Banking and Compliance Issues for Marijuana Dispensaries

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Payteller’s new SSK eliminates cash handling and boosts compliance.

BLPG Kiosk Rendering

Payteller’s kiosk is a revolutionary solution for our industry. - Michael Friedman, CEO of Agritek Holdings.

Payteller, a leading provider of financial services kiosks, announced today the release date for their SSK (Secure Services Kiosk), a unit programmed for the specific needs of medicinal and recreational marijuana dispensaries.

“Payteller’s SSK helps our customers to bridge the gap between the dispensary, the banks and the government. It allows us to reconcile the cash from a dispensary, helping them meet all of their compliance obligations and enables customers access to potential banking services through one solution,” said Sean Campbell, CEO at Blue Line Protection Group. “The majority of banks entering the space today are mandating a kiosk in one form or another,” he added.

“Cash handling, banking and financial services are among the greatest challenges facing the cannabis business. Navigating complex federal and state regulations in order to access ordinary banking services is not in the purview of the average dispensary owner,” said Jeff Foster, CEO of Payteller.

The SSK provides dispensary owners with customer registration and authentication, cash collection and management, and integrates with a number of point of sale systems and devices for end-to-end cash management, as well as seed to sale programs. The SSK is integrated with a compliance and reporting platform that will meet or exceed all local, state and federal banking requirements as well as current FinCen and FDIC guidance, and will be constantly updated to meet all requirements going forward. Additional services include custom loyalty programs, SMS campaign management and credit/debit card processing integration.

“Payteller’s kiosk is a revolutionary solution for our industry,” said Michael Friedman, CEO of Agritek Holdings. “It provides self-service customer check-in and validation, simplifies cash handling, speeds up the buying process and, most importantly, will help to facilitate banking and financial services for dispensaries. Best of all, Payteller’s SSK is ready to deploy, unlike most solutions in the market, which claim to be complete but are still under development.”

About Payteller LLC
Payteller kiosks provide secure and effective financial services solutions by reducing transaction time and cost while maximizing revenue, profit and loyalty. Payteller kiosks are built on a flexible architecture that allows rapid development and deployment of unique solutions, such as industry specific compliance requirements.

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Karla Guarino
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