GRBX - GreenBox POS QuickCard Payment System Update Produces Immediate Results for Clients' Productivity and Costs

Next Generation Technology Platform Yields Significant Increase in Processing Speeds and Decrease in Support Calls

SAN DIEGO, CA / ACCESSWIRE / July 24, 2020 / GreenBox POS (OTCQB:GRBX) ("GreenBox", the "Company"), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions, has received positive reports from clients on the Company's recently announced QuickCard Payment System upgrades in June 2020.

QuickCard is a blockchain-secure checkout experience for customers of merchant and independent sales organizations (ISOs), and an effective batch settlement solution for clients, all in one platform.

The recent update featured an improved platform, user-friendly interface, and several technological upgrades. After what we believe was a seamless deployment with existing merchant and ISO clients, the next generation platform has begun delivering on its promised enhancements.

"The launch of our updated QuickCard platform was designed to increase processing speed and reduce the cost of support, with both objectives on track," said Fredi Nisan, GreenBox Chief Executive Officer. "Our merchant clients and ISOs are seeing a significant increase in productivity with 300% faster processing speed. Support calls, which represent a significant expenditure for clients, have decreased by 49.7%. We are pleased to see this immediate impact for our customers, which demonstrates GreenBox's ability to seamlessly improve our customers' experience".

About GreenBox POS
GreenBox POS (OTCQB:GRBX) is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The Company's applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the Company's website at www.greenboxpos.com.

Forward-Looking Statements Disclaimer
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set out in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Investor Relations Contact
Mark Schwalenberg
MZ Group - MZ North America
312-261-6430
GRBX@mzgroup.us
www.mzgroup.us

SOURCE: GreenBox POS, LLC