GreenBox POS announced it has launched a massive new payment vertical, offering bulk Automated Clearing House ("ACH") processing abilities to merchants. Utilizing its blockchain technology and smart contract technology, GBOX will be able to transfer funds electronically for ACH debit and ACH credit transactions. The low execution cost of ACH payments make them a truly advantageous payment alternative for merchants, offering significant cost savings to traditional credit cards and debit cards, which typically charge 3%-4% in processing fees.

Since the new program's commencement, GreenBox clients have already committed to over $50,000,000 in monthly ACH processing and the number is climbing. Generally, the average ACH ticket is approximately $150.00, with margins ranging from 20-30 cents per transaction. What's more is that these new ACH processing abilities also allow the Company to capture the business of, and support clients in higher risk categories, earning an additional 20-30 basis points per transaction.