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CannaTrac Subsidiary CTI Processing, Inc. Begins Working with New Merchant Bank to Improve Customer Onboarding Processes

CHICAGO, IL - (NewMediaWire) - March 10, 2021 - CannaTrac® Technology, Inc.(“CannaTrac” or “the Company”), announced today that its wholly-owned merchant processing subsidiary CTI Processing, Inc. (“CTI Processing”), has begun working with a new merchant processing bank, which allows the Company to onboard new businesses with customized solutions into their system within 36 hours of receiving completed paperwork. 

“As states and counties within the U.S. continue to allow businesses to open their doors, reliable merchant processing will be a necessity at the top of everyone’s list. With our new merchant bank, CTI can onboard most businesses within days of receiving application documents. For the many businesses that found themselves struggling financially due to the COVID-19 pandemic, we can be their game-changer,” said CannaTrac Vice Chairman and CEO Thomas Gavin IV. “Through CTI, we are able to help most businesses in federally legal industries lower rates, lower costs or simply provide better service and equipment than their current providers.”

CTI Processing provides companies in all federally legalized industries with end-to-end payment processing and merchant services, the most up-to-date equipment and state-of-the-art technology for a streamlined payment process. 

The Company has designed its offerings to significantly lower merchant processing-related fees and reduce financial risks for merchants. As the U.S. slowly reopens, providing the lowest merchant processing-related fees possible can help businesses as they financially recover from the pandemic. 

For more information about CTI Processing, visit


CannaTrac® is dedicated to bringing safety to the cannabis and hemp industries by serving as the industry’s leading cashless mobile payment system solution. CannaTrac® created the CannaCard® to provide consumers and retailers with a convenient way to benefit from increased safety and convenience through cashless purchases within the legal cannabis industry. Shop.Pay.Earn Rewards™ with the CannaCard®. To learn more about CannaCard® or register as a merchant, please visit

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