SubscribePALM BEACH, Fla., Dec. 1 /PRNewswire-FirstCall/ — Commerce Online Inc. (Pink Sheets: CMIB – News; http://www.commerceonlineinc.com/), a leading company specializing in both bricks and mortar and online merchant payment solutions, today announced coverage on ABC News Channel Seven, based in Denver Colorado of its leading alternative payment solutions for medical marijuana dispensaries. The story featured at ABC news channel affiliate “http://www.thedenverchannel.com/” under story headline “Pot On Plastic” covered a recent robbery of a local medical marijuana dispensary and named Commerce Online merchant solutions and debit/loyalty card solution as a leading alternative for cash only locations. Commerce Online recently launched its branded, pre-paid loyalty and ID card for licensed medical marijuana dispensaries and collectives operating within the states of California, and Colorado.
In an effort to keep these collectives within the guidelines of CA Proposition 215 and SB 420, the Commerce Online merchant services and pre-paid stored value and loyalty card will offer a unique cash alternative to these regulated dispensaries for both suppliers and members of collectives.
The Commerce Online branded, pre-paid loyalty and ID card will be marketed through our new Collective Card Services division, and may be loaded to any denomination of funds with direct deposit at local bank, via the Internet, POS system by the member of the collective or medical dispensary. The RedFin Network PCI Compliant Payment Gateway will handle all loyalty transactions at the point of sale. In case of theft or loss, the card may be cancelled immediately through an 800 number provided or online. The card will also act as the Collective member’s identification having the option of a Picture ID, medical id number identifying him/her as a collective member, the collective name, and expiration date of membership,” stated Michael Friedman for Commerce Online.
Commerce Online Inc. (http://www.commerceonlineinc.com/) is positioned to become a market leader in both online and wireless merchant payment solutions. The Company offers a full spectrum of secure and reliable transaction processing solutions using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. The Company’s Alliances provide electronic payment processing suite of services enabling merchants to accept all major credit and debit cards, as well as ATM cards and ACH check drafts for payment whether a retail, service, mail-order or Internet merchant. As an industry leader, Commerce Online is dedicated to delivering comprehensive services, such as merchant account activation, gateway connections, Web development and social network engines to a worldwide client base.
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