DIVERSITY OF IDEAS
Diverse people bring diverse ideas, and diverse ideas spark innovation.
At MainStreet Bank, we believe in diverse entrepreneurship. Over the last 20 years we have proudly supported a diverse group of business owners. Their diversity is more than just culture and color, it is a new way of thinking about business.
Diverse ideology is in our DNA, it’s not something we had to work toward. Diverse ideas, opportunities and relationships is what excites us about coming together everyday as a community business bank.
Cannabis: A diverse challenge and a diverse solution
When cannabis laws began changing in many states throughout the nation, a new diverse group of entrepreneurs and consumers began to emerge. This new and exciting business landscape has brought new opportunities as well as new challenges.
Cannabis retailers are cash-intensive because they lack access to nationwide payment systems. While state laws and evolving economic markets are presenting new opportunities to provide services legally, there are conflicting federal restrictions that must be navigated with great care.
As a matter of social equity, legal cannabis companies and their customers should have access to efficient, fairly priced payment processing services just like anyone else.
– Jeff Dick, Chairman and CEO of MainStreet Bank and MainStreet Bancshares Inc.
Mitigating the risk
Businesses that handle large volumes of cash are easily targeted by criminals, and cash handling comes at a higher cost. Venu provides a safe, compliant and cost effective way to accept digital payments, lowering the burden of cash handling.
Better returns
While some cannabis businesses accept digital payments through gray area payment solutions that come at a greater cost and put their business and customers at risk—Venu was built to be an efficient, fairly priced payment processing solution.
Meet Venu, the bank-built solution
We created Venu, a payments solution that is bank-built & bank-backed. Venu provides a compliant, cost effective way for businesses to transact digitally.. Venu provides a better return on every transaction while giving business owners an advantage over their competitors with a safe, compliant and cost effective digital payments solution.
When legitimate businesses work with a knowledgeable and dependable banker, they can reduce risks to themselves and their customers. Venu’s compliance-driven solution to serve this emerging market is good business, and it is the right thing to do.
– Jeff Dick, Chairman and CEO of MainStreet Bank and MainStreet Bancshares Inc.
Since we opened our first branch in 2004, we have always embraced diversity in every area of our business. As a community business bank serving the Washington DC metropolitan area, we have proudly served diverse business owners with cutting edge banking technology and a level of service that our customers deserve.
