NBCU Continues Quest to Bring Safety to Communities in California and Marijuana-Related Businesses Through Partnership With Hypur #Banking #Finance #Insurance #California #Cannabis #CannabisBanking #Internetmarketing #Ecommerce #Searchengineoptimization #Content #ePRNews https://eprnews.com/nbcu-continues-quest-to-bring-safety-to-communities-in-california-and-marijuana-related-businesses-through-partnership-with-hypur-414455/

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NBCU Continues Quest to Bring Safety to
Communities in California and Marijuana-Related
Businesses Through Partnership With Hypur
Press Release (ePRNews.com) - SANTA ROSA,
Calif. - Jul 11, 2019 - North Bay Credit
Union (NBCU) announces continued efforts to
bring safety to marijuana-related businesses
(MRBs) through its partnership with Hypur
Inc. (Hypur). NBCU plans to serve MRBs by
helping them eliminate cash from their business
practices, creating safer businesses and
communities throughout California.
Traditionally, MRBs are forced to rely on cash for
normal business practices – like paying
employees and accepting payment from
consumers. NBCU has served the MRB
community
community in California by providing access to more traditional banking services for cannabis
businesses. This allows MRBs the ability to function like a more traditional business.
Utilizing Hypur’s technology, NBCU now serves its growing MRB member base even more extensively
by facilitating business-to-business (B2B) payments for MRBs and their business partners. Hypur’s B2B
payments platform enables more extensive tracking for NBCU regarding exactly where the money is
coming from within MRB member accounts, allowing for greater transparency with regulators and law
enforcement for both MRBs and NBCU.
Chris Call, NBCU CEO, says “The new cannabis economy has suffered from a banking void that a
progressive credit union such as ours can fill. There are thousands of employees working in cannabis
enterprises in California that provide economic growth and stability to our local cities.” He added
“We’re willing to make this investment because we want our local communities to be safe, thriving
places to live and work. Partnering with Hypur allows us to transparently and sustainably bank MRBs
throughout California.”
Because of the partnership with Hypur, NBCU members can also accept Hypur as a payment option
for consumers at their dispensaries, which helps eliminate cash and promotes safer communities.
“We’re excited to partner with NBCU on their mission to provide sustainable, transparent banking and
payment solutions to cannabis businesses throughout California,” said Christopher E. Galvin, CEO of

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Hypur. “NBCU is a premier example of how financial institutions should be handling MRBs throughout
the country.”
Hypur’s payment technology brings transparent, reliable payments to the entire cannabis industry.
From cultivator to sale, Hypur is used to facilitate payments between cannabis business partners and
consumers. Hypur’s technology, coupled with NBCU’s financial services, removes the need to rely on
cash for B2B and consumer transactions, allowing MRBs to function as regular businesses when it
comes to payments and other financial services.
About North Bay Credit Union
North Bay Credit Union was founded in 1948 and has assets of $65 million with four branches. Anyone
who lives or works in the North Bay can join at www.NorthBayCU.com. The credit union offers a
complete range of financial services including car loans and mortgages, as well as specialized products
such as manufactured home loans and agricultural loans.
About Hypur
Based in Scottsdale, Arizona, Hypur provides regulatory compliance technology that helps financial
institutions serve highly regulated and cash-intensive industries, like cannabis, by filling the gaps
between traditional banking systems and the unique regulatory demands of these businesses. Hypur
also offers electronic payment solutions for industries without access to traditional payment systems,
or when traditional payment systems aren’t a good fit. To learn more, visit hypur.com.
Press Contacts:
North Bay Credit Union
Chris Call, CEO North Bay Credit Union
304 Sutton Place, Santa Rosa CA 95407
707-584-0384
chris@NorthBayCU.com
www.NorthBayCU.com
Hypur
Becky Montchal
bmontchal@hypur.com
Source : North Bay Credit Union
Business Info : Hypur
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