The new mobile wallet app is the solution that cannabis businesses have been waiting for.

New York, October 26, 2021– (Business WireValley National BankVALY (NASDAQ: VLY) sub-division has announced the launch of a new digital payment platform specifically for cannabis-related businesses.

Vali Payments, the new digital payment solution, transfers money usage into a secure web application, easing the burden on cannabis operators who today rely on cash transactions. Cannabis industry is dependent on cash transactions as major debit and credit cards are not accepted.

The application enables cannabis-related businesses to provide their customers with an obedient, secure and streamlined mobile wallet payment system.

“This new digital payment platform is the first to serve the critical payment needs of cannabis-related businesses,” said Stuart Cook, Vali Digital Product Officer. “We see the reliance on cash and existing payment options as a big problem and we are committed to helping create a comfortable and safe solution for our customers.”

The Valley is one of the largest national banks serving multi-state cannabis business operators. Our dedicated team of banking professionals, including boarding and treasury management specialists, is focused on serving the needs of cannabis-related businesses. The Valiant Cannabis Related Commercial Banking Program is designed to provide value to our customers with respect, convenience and cost.

The new payment platform is expected to launch a pilot program in the coming months.

Please visit valley.com/valleypay if you would like to know more about this payment platform, have a media inquiry or if you would like to learn more about joining the Vali Digital Products Group.

About the valley

As a major component of the Valley National Bank, Vali National Bank is a regional bank with approximately $ 41 billion in assets. The Valley is committed to empowering people and businesses. The Valley operates a number of convenient branches in New Jersey, New York, Florida and Alabama, and is committed to providing an experienced and knowledgeable team dedicated to providing the most convenient service, latest innovations and customer needs. Helping Communities Grow and Prosperity is at the heart of Vali’s corporate citizenship philosophy. Go to learn more about the valley www.valley.com Or call our customer care center at 800-522-4100.

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Contacts

Pam Golden, GLA Communications
pam@glapr.com Or 973-564-8591