Marijuana Banking Software

Empowering Commerce, Protecting Communities

Cannabis Payment Processing

Accepting the Challenge

State-legal cannabis businesses presents a unique banking challenge, but with proper policies and procedures and the right technology, these businesses can be responsibly and profitably banked. 

The level of monitoring and transparency required for cannabis businesses far exceeds what traditional banking systems were designed to provide. Gaps between the capabilities of traditional banking systems and the unique demands of cannabis businesses can create considerable risk for financial institutions.  

Responsibly and profitably banking marijuanarelated businesses requires dedicated cannabis bank compliance technology. 

Cannabis Banking Solution

Hypur helps you eliminate blind spots by filling gaps between your current banking systems and the unique requirements of cannabis businesses. 

Our end-to-end cannabis bank compliance software includes all the features of our proven bank compliance platform plus features designed specifically for marijuanarelated businesses. 

Gain Transparency

Detailed transaction monitoring and chain of cash custody tracking provide confidence that deposits were derived from permissible sales. 

Control Overhead

Automating processes unique to serving cannabis businesses lets you focus on serving clients – not processing paperwork and updating spreadsheets. 

 

Cannabis Banking Solution

Hypur helps you eliminate blind spots by filling gaps between your current banking systems and the unique requirements of cannabis businesses. 

Our end-to-end cannabis bank compliance software includes all the features of our proven bank compliance platform plus features designed specifically for marijuanarelated businesses. 

Gain Transparency

Detailed transaction monitoring and chain of cash custody tracking provide confidence that deposits were derived from permissible sales. 

Control Overhead

Automating processes unique to serving cannabis businesses lets you focus on serving clients – not processing paperwork and updating spreadsheets. 

 

Presenting cannabis banking technology

Industry Leader

Hypur is the leading provider of dedicated cannabis bank compliance technology 

Hypur has helped financial institutions responsibly serve cannabis businesses since 2015, becoming a frequent resource for state and federal regulators, bank and credit union associations, and the media on how cannabis businesses can be banked responsibly. 

Hypur has the subject matter expertise to help you with best practices, board and regulatory approval, pricing, and customer acquisition strategies – everything you need to launch and scale your cannabis banking program. Learn More About Our Team

How Hypur Can Help You Bank Cannabis Businesses

How Hypur Can Work for You

Monitor Transactions

Before accepting a deposit from a cannabis business, you should verify that the funds were derived from a sale permissible by your state. Can your banking system do this? 

Hypur provides invoice level sales data so you can compare actual deposits to expected deposits and verify the source of deposits down to the transaction level. 

Chain of Cash Custody

Cannabis businesses heavy reliance on cash can present significant challenges for financial institutions. How can you be sure cash deposited in your financial institution was the same cash that was received from permissible customer transactions? 

Hypur’s cash tracking technology lets you track the specific denominations of cash pickups and the custody of cash until it arrives at your institution where you can compare it to expected cash deposits.

Create Efficiencies

Many demands of banking cannabis businesses fall outside the scope of traditional banking systems, creating considerable administrative work. Hypur picks up where traditional systems leave off, eliminating manual processes that can be error prone, inefficient, and costly. 

Hypur’s life cycle account and document management tools automate the initial and ongoing documentation required to bank cannabis businesses.

Curious about Cannabis Banking?