OSS and KeyPoint Bring True Business Banking Experience to Burgeoning Legal Cannabis Markets Across the US
FRESNO, CA - 
(NewMediaWire) - May 30, 2024 - Operational Security Solutions (“OSS”), a
premier provider of full-spectrum risk management services specializing in
secure cash management and logistics, compliance, security consulting, and
facility hardening, today announced a partnership with KeyPoint Credit Union
(“KeyPoint”), one of the largest Credit Unions in California, where the parties
will offer targeted banking solutions the legal cannabis related business (CRB)
industry. The partnership marks an important step forward in providing
solutions to businesses operating in these highly regulated categories who are
seeking traditional services such as banking and cash-in-transit services.
Through this partnership, the CRB industry, will now have access to KeyPoint’s comprehensive suite of banking services, which includes online and mobile banking platforms, electronic payment options, and ACH origination. Where many financial institutions offer limited access accounts and options for these types of businesses, the products offered by KeyPoint can be seen as a “true business banking experience.” As a part of its program, KeyPoint has developed a dedicated team of cannabis banking professionals with a deep understanding of the nuances of operating in the CRB industry.
Further strengthening the partnership's value to customers, OSS will provide its cash-in-transit (CIT) services to KeyPoint clients, where it boasts a no-loss record of over $5 billion moved since its inception. These services are especially important to cash intensive businesses and those that must adhere to the strictest guidelines in terms of compliance. OSS leverages its years of experience in navigating these highly regulated industries to assist all of its clients and FI partners with custom designed services and solutions to meet their exact needs. Beyond the core offerings included in partnership, OSS looks to offer KeyPoint customers access to its innovative Smart Safe program which promises clients solutions for faster deposit access, precise cash balance reporting, and a leap in operational efficiency in the near future.
“Financial institution partners are the key to success for OSS and our clients and we could not be happier with our relationship with KeyPoint,” said Scott Solomon, Chief Executive Officer of Operational Security Solutions. “They have not only shown the highest level of professionalism and service to our clients but are quickly becoming one of the preeminent players in banking the CRB industry. We cannot thank them enough for their support and belief in our mission and we are proud to assist in bringing their product portfolio to clients nationwide.”
“OSS has been instrumental in helping to launch and expand our CRB program as we are able to leverage their years of experience in navigating the complex nature of providing financial services to this burgeoning sector,” said Herman White, Vice President of Business Banking and a certified Cannabis Banking Professional at KeyPoint Credit Union. “The legal CRB industry continues to experience growth despite some regulatory challenges, and we are proud to act as a financial partner to our CRB clients who are looking for the right tools and resources to expand their business. As such, cash remains an integral part of the financial ecosystem of the CRB industry, and we are happy to offer our clients white-glove cash logistics services through OSS as a part of our program.
Banking services in highly regulated and high-risk categories such as the CRB industry are a unique challenge given the uncertain regulatory environment. Both parties have worked extensively to put systems in place that are built to help these businesses succeed despite these challenges.
For more information on the services provided through this partnership, please visit: https://opsecsolutions.us/KPCU
About Operational Security Solutions
Operational Security Solutions (OSS) was assembled in 2017 by professionals that have spent their previous careers in law enforcement, federal service, and military special operations -- but have now founded a security and risk management company that supports compliant relationships with financial institutions and their high-risk and cash-intensive clientele.
About KeyPoint Credit Union
Inspired by Silicon Valley innovation and built to serve a diverse membership, KeyPoint is a full-service, not-for-profit credit union dedicated to providing financial solutions to help members achieve their goals in life. KeyPoint helps members make the most of their money—earning more on savings while paying less for credit. And KeyPoint is active in the community providing free financial education programs, as well as fostering financial literacy, sponsoring reading programs and mentoring the next generation of business professionals at local educational institutions.
Media Contact:
Kyle Porter
Virgo PR
oss@virgo-pr.com
