The trading and merchant businesses have their problems to grapple with. Technology comes to aid to soothe these ruffled feathers. Enterprises like Abaca are harnessing Artificial Intelligence (AI) and high-end banking services to be implemented to offer an impeccable advantage to customers. This has been a proactive initiative in light of the abundant technical glitches, hampering in onboarding, compliance-related procedural bottlenecks in the mainstream CBD financial services concerning credit card and other payment issues.
In a recent statement given by Abaca Chief Executive Officer, Dan Roda,
He further apprised the media on how team Abaca matches pace with software-led automation in the same aggressive manner as executed for cannabis banking, which is now running in full swing in nine states and further expanding.
Replete with a plethora of advantages, these technology-based solutions are set to eradicate any impediments or logjams hemp or CBD have been combating. A significant benefit happens to be of base processing rates being minimal at the rate of 3.95%. The automation has also expedited the approval process and sped up the onboarding. The upgrade ensures that approvals are in place within a couple of days, and within 2 weeks, the processing is executed.
The software automation is so customized that it benefits not only physical but also e-com retailers enabling compliance, thereby reducing the requirement for manpower substantially. Abaca has catered to the nodal factors of reliability and consistency in revenue by enhancing its merchant services. Integration of these services under one roof and platform is the icing on the cake, especially because it is woven with CBD, hemp, and cannabis businesses connected with bank accounts, insurance, access to capital, and more.
Customer service, coupled with reliability and consistency, seems to be Abaca’s hallmark and not just a written mission word. In the process of offering Merchant Services, it is apparent that the Behemoth has underlined Dedication and Commitment to its service portfolio as Key Ingredients.