Exeleon Magazine

Artery Pay: Supporting Cannabis Businesses with Easy, Contactless Smartphone Payments

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Cash is no longer king… it’s an expensive liability. Cash is slow, taking time to physically move. It makes you a target for theft. It’s also untracked so it’s easy to use for money laundering. Legal cannabis businesses have been forced to transact in cash from a lack of legal and reliable financial options.

Artery Pay provides secure, legal, smartphone payment in partnership with banks who know our customers are cannabis businesses. Artery Pay unifies payments and required banking compliance into a single system so that cannabis businesses and the banks and credit unions that support them are able to work with each other easily, effectively, and transparently.

For banks, the Artery Pay system is the perfect standalone plugin to manage their entire Marijuana Related Business (MRB) banking program with substantial reductions in compliance workload through automation and machine learning.

For cannabis businesses, Artery Pay is a legal, easy to use, contactless smartphone payment experience that your customers will love! It’s no cost to your customers and low cost to you adding efficiency and safety to your business.

The Think-Tank

Experts in Fintech, Financial Law, and Consumer Engagement, Artery Pay has won a contract with the Nevada Treasury to be its payment system for the legal cannabis industry. Artery Pay is also launching their payment services in MA this summer.

Steven Gonzalez, Artery Pay’s CEO, was the head of business operations and finance for DeviantArt (acq. Wix). Before DeviantArt, Steven was an investment banker with Cascadia Capital, Meridian Capital and Volpe Brown Whelan. Steven is a graduate of Phillips Exeter Academy and received a Bachelor’s degree in Political Science from Trinity College and an M.B.A. from the Marshall School of Business at the University of Southern California.

Ashley Elsner, Artery Pay’s COO, is an expert in global financial law beginning her career on the financial regulatory team at Sidley Austin in NYC handling regulatory compliance for financial institutions. Ashley then joined the legal and operations team at Bessemer Venture Partners. Ashley holds a B.A. in Political Science from Yale College and a J.D.M.B.A. from Northwestern School of Law and Kellogg School of Management.

Phil Glaeser, Artery Pay’s CTO, has over 30 years in systems development and implementation. He founded four fintech startups and consulted for financial giants Bank of America and Wells Fargo. Phil began his career developing advanced computer systems at IBM. Phil holds both his B.E.E and M.S.E.E in Electrical and Computer Engineering from the University of Dayton and an M.B.A from Wake Forest University.

Click Here to Visit Artery Pay’s Website.

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