Hypur provides an alternative to cash.
Scottsdale, Arizona, March 26, 2019 –
Hypur Inc. (Hypur) announced that its mobile payments app will now be accepted by the Terrasana Cannabis Company (Terrasana), a leading medical marijuana dispensary in the state of Ohio. The Hypur app makes it easier and more secure to conduct marijuana-related transactions.
Beginning this week, Terrasana will be opening the first of their four locations in Columbus and Cleveland, followed the next week by their location in Fremont. “We are excited about the partnership with Hypur,” said Todd Yaross, co-founder and CEO of Terrasana. Patients will be able to download the Hypur mobile app on the Apple App Store or Google Play Store and use it to purchase their cannabis product at any of the Terrasana locations.
Hypur is a leading provider of technology for financial institutions serving legal cannabis businesses. Since 2016, financial institutions have used Hypur’s secure, transparent payment platform to provide electronic payments for cannabis transactions. With features such as Facial ID, Touch ID, and auto check-in, the Hypur app dramatically improves the in-store payment process for both patients and merchants. Hypur can also be used for order-ahead, delivery, online, and business-to-business transactions.
To prevent fraud, Hypur requires a two-step payment process of checking in to a store and entering a 4-digit Personal Access Code (PAC). The Hypur app also enables users to auto check-in so paying is as simple as entering their PAC.
Without access to credit and debit card processing, cannabis businesses are forced to rely on cash or unreliable workaround payment products that put customer information at risk. “We are excited that Terrasana has decided to accept payments through the Hypur app, which will provide their patients with a traditional and secure alternative to paying cash,” said Michael J. Sinnwell Jr., Hypur’s COO.
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