Safe Harbor has expanded its payments solutions portfolio through partnerships with Lüt and GreenCard. These additions bring new stability, reliability and transparency to digital payments, one of the sector's most complex issues in cannabis finance.
"By offering ACH debit, cashless ATM, and closed-loop payment systems, we now support every major way customers pay for cannabis," said Terry Mendez, CEO of Safe Harbor. "Our focus is solving real operational challenges for cannabis businesses. We've built the most complete, compliant payments ecosystem in the industry by asking: what do operators actually need? The answer is flexibility, redundancy, and reliability at every transaction point. Lüt and GreenCard help our clients build stability across the supply chain."
Two new tools, one unified goal
Lüt offers a wallet-based, closed-loop payment system that gives consumers a seamless retail checkout experience while helping to insulate operators from processing downtime. Its pre-funded wallet model is meant to ensure guaranteed funds and uninterrupted payment flow—critical during high-traffic periods or when other systems fail. Lüt also includes built-in loyalty features for customers and incentive tools for dispensary staff, driving both engagement and conversion.
"Safe Harbor and Lüt both share a compliance-first philosophy and a long-term view of building sustainable financial infrastructure for regulated industries," said Michael Andrud, CEO of Lüt. "This partnership with Safe Harbor signals to the banking industry that compliant, guaranteed-funds digital payments for high-risk industries are operational, scalable, and built to support long-term growth."
Greencard delivers end-to-end payment infrastructure for vertically integrated cannabis operations, unifying retail, delivery, e-commerce, and wholesale transactions on a single platform. Embedded mobile payments integrate directly with existing POS systems, while the B2B suite transforms 14-day check cycles into next-day ACH settlement with real-time reporting [for] every invoice.
"We built Greencard for operators running cultivation, manufacturing, and retail under one roof who need one platform across their entire operation," said Greencard CEO Luke Blackamore. "With Safe Harbor's banking infrastructure behind us, we're giving cannabis businesses the same payment capabilities that mainstream industries take for granted."
Supporting risk management
The cannabis industry continues to face systemic challenges in accessing stable financial infrastructure, with operators heavily reliant on ACH debit, merchant processing solutions, and manual cash handling—each of which have vulnerabilities, ranging from outages to changes in regulatory policies. Safe Harbor's payments solutions portfolio addresses this risk head-on by offering multiple, independent payment options, thereby giving clients flexibility and continuity even during disruptions.
Mendez added, "No cannabis business should be vulnerable because one payment method goes offline. Redundancy is responsible, and we're making it accessible through tools that are tested, compliant, and operationally sound."
A growing ecosystem of operator-centric services
Lüt and Greencard are joining large, long-standing industry pay-by-bank platforms like CanPay in Safe Harbor's payment-processing portfolio.
Rounding out the suite to ensure every client payment need can be covered, Vector Payments and GreenLink Merchants support Safe Harbor clients with outstanding service.
These partners collectively offer one of the most comprehensive lineups of cannabis-compliant payment options available, covering ACH, closed-loop, and compliant alternatives to traditional merchant processing.
This expansion in payment options follows the recent launch of insurance and payroll services for Safe Harbor clients as part of the Company's broader effort to build a full-service financial platform for the cannabis industry. Additional services are expected to be released in the months ahead.
For more information:
Safe Harbor Financial
shfinancial.org
