Payments Platform
for Cannabis Businesses
Consumer Payments – Business Payments
Low Fees – Secure – Certified
Services Provider for eCommerce and eTrade Businesses
CannaFinex is comprehensive Business Information System for cannabis industry
with four subsystems for optimal management and use of registration data,
financial resources, goods and services, and business information
Reliable Registration of Consumers and Partners
CannaFinex System provides reliable registration of all participants based on validated personal and business data.
Quality Control and Assurance
Links to Quality Testing Labs will provide consumers information and guarantees of high quality cannabis products
Management of Financial Resources and Payments
All finacial resources, such as purchase order and invoices, including payments are handled by the System
Cannabis Community System
Consumers will be offered membership in the CannaFinex system and those registered will receive CannaFinex Loyalty Cards with all its financial benefits
Global Marketplace for Cannabis Products
The System represents marketplace offering high quality products, discounts, loyalty cards, and membership benefits
Seed-to-Sale Tracking
Based on the full registration of all businesses the System tracks cannabis products through the supply chain
How Payments with NorthStar System work
Payments over the Counter
CannaFinex Payment System accepts payments by customers using either bank cards or Mobile Wallet with stable virtual currency (“digital dollar”)
Payments over the Web
Web merchants can use Web Plug-ins to accept payments by customers using bank cards and they can also pay vendors with US $ or virtual currency.
Security Compliance
Our system is validated by Payments Card Industry (PCI/DSS), it runs in FedRAMP certified cloud, and performs validation of customers using Bank ID System.
1. Consumer purchases digital tokens pegged to US $
2. Cannabis merchants accept digital tokens for payments
3. Merchants may cash-out digital tokens to their bank accounts or use them to pay to their vendors
4. CannaFinex runs escrow account in a regular bank where US $ backing digital tokens are deposited
Payments for Web Stores
Payments on Web Stores
Customers can use their credit or debit cards right on the Web Store Cash-out page. Merchant receive payments in digital tokens instantaneously to the CannaFinex account
POS Payments Over-the-Counter
Integrated Point of Sale (POS) System
CannaFinex System has several types of POS Stations: POS Station with double monitor, PC Station with touch screen, and tablet. POS System for the full Station supports also back-office functions in dispensaries or in headquarters with multiple dispensaries. Besides payments over-the-counter, it also supports staff administration, inventory management, business transactions with suppliers and vendors, inventory planning, scheduling, and administration. .
Integrated Business System
Seed-to-Sale Tracking System
CannaFinex System integrates businesses with different roles in the supply chain into a full business information system providing registration of all business entities, tracking of production and distribution of their products, management and optimization of inventory, tracking sales and customer deliveries, and quality assurance information. The system provides rich reporting of different types of events and transactions in the integrated CannaFinex System. . .
Blockchain and Stable Virtual Currency
BIX Ledger and CannaFinex Coin
For seed-to-sale tracking CannaFinex is using BIX Ledger — secure blockchain
with smart contracts customized for cannabis industry
For payments by customers and also for business-to-business payments
CannaFinex is using its own stable virtual currency — CannaFinex Coin
BIX Ledger — Secure Blockchain Ledger
BIX Ledger is secure blockchain managing Identities of all parties in the System, their crypto keys, certificates and secure CannaFinex objects. Its Smart Contracts implement the rules and procedures specific for Cannabis Industry
CannaFinex Coin — Stable Virtual Coin
For its payment transactions CannaFinex is using its own stable virtual coin, pegged to US $ (“Digital Dollar”) in combination with payments using bankcards and bank accounts
Pricing
Bankcards
All debit and credit cards are accepted- Transaction fees are competitive to other card processors
- System security certified by PCI DSS
- Instant funding using CannaFinex Coins
Northstar Customers
Payments using Northstar Points- Limited time promotional offer
- All payments with CannaFinex Coins without fee
- Instantaneous payments to vendors and suppliers using CannaFinex Coins
Cashing Out
CannaFinex Coins to any US Bank Account- Cash-out is simple and instantaneous
- Deposit received to any bank account in the US
- Funding delay – one / two days
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