- Advantage of GRBX defense wall is company ownership of all the parts of the blockchain payment system, from TrustKeys to ledger and gateway
- Ben Errez, EVP of GRBX, says that TrustGateway and QuickCard form a combination that is highly resistant to fraudulent transactions with the security of proprietary blockchain gateway
- QuickCard is a blockchain powered e-wallet enabling users to download cash and earning GRBX five provisional patents
GreenBox POS, LLC’s (OTCQB: GRBX) TrustGateway and QuickCard are integrated and, together, are highly resistant to fraudulent transactions on the GreenBox payment platform, the company announced (http://nnw.fm/fCP4d). The fully integrated mobile payment app that processes cash into blockchain driven e-wallets has a defense wall that has not been successfully penetrated, according to the company.
In a news release, Ben Errez, EVP of GRBX, said, “TrustGateway is not only the best defense against fraud, but it also takes part in load-balancing and maximizing system uptime. We do see daily fraud attempts from bad actors, but they simply can’t do any harm on blockchain gateways.” The GRBX advantage is that it owns all the parts of the blockchain payment system, the company notes.
GRBX is a hardware and software technology company, based in California, with multiple offices in both the U.S. and Canada. The company projects that its average daily transaction volume will reach $1 million by 4Q2018 and believes that its technology is on its way to becoming the new payments standard (http://nnw.fm/2Deci).
GRBX offers individual disruptive applications integrated into an end-to-end suite of financial products. These include the QuickCard blockchain-driven e-wallet and the QuickCard kiosk, which manages all cash issues including deposits to blockchain. LOOPZ is a delivery software solution that offers service dispatcher back-end technology with manual and automatic AI-driven modes. The company’s point-of-sale solutions consist of in-house developed, proprietary software with features such as cloud security, data fidelity and compliance.
Errez termed the integrated TrustGateway and QuickCard systems as efficient, noting that, together, they offer the best in fraud prevention. “TrustGateway’s track record shows that no customers were harmed, no money was lost, and no successful penetration of the defense walls was recorded,” he added.
For more information, visit the company’s website at www.GreenBoxPOS.com
More from NetworkNewsWire
- What is Bitcoin Cash? BCH vs Bitcoin
- ABC Summit to Bring Together Public and Private Sector Actors to Discuss Blockchain Opportunities
- Pacific Software, Inc. (PFSF) Commences Work on Blockchain B2B/B2C eCommerce Platform in Support of International Trade
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com