GreenBox’s POS TrustGateway Uses Blockchain To Improve Efficiency And Prevent Fraud
GreenBox POS has announced that TrustGateway, a major component of the Company’s QuickCard payment system, is proving to be highly efficient in preventing fraud on the GreenBox payment platform.
GreenBox POS is a groundbreaking technology company that builds customized payment solutions for a multitude of industries.
The company has developed the fastest and safest way to send and process money using Blockchain technology powered by TrustGateway.
According to GreenBox Executive Vice President, Ben Errez, there are other gateways, but none can compete with a blockchain gateway. Ben adds that TrustGateway is not only the best defense against fraud, but it also takes part in load-balancing and maximizing system uptime.
Although there are fraud attempts from bad actors, but they simply can’t do any harm on blockchain gateways, Ben states.
TrustGateway’s track record shows that no customers were harmed, no money was lost, and no successful penetration of the defense walls was recorded. The company said it is very happy with the efficiency of TrustGateway and QuickCard as integrated systems.
Fraud is the main variable in the risk analysis and transactional costs formula on payment systems. When it comes to prevention of fraudulent transactions, GreenBox has a unique advantage over all competitors: it owns all the parts that make the blockchain payment system – from TrustKeys to ledger and gateway.