Shift Payments has selected i2c, a provider of card processing services, to provide a global payments platform to connect alternative currencies to traditional payments infrastructure.
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i2c enables Shift Payments’ debit cardholders to seamlessly spend alternative currencies, including loyalty points, airline miles, precious metals and bitcoin.
i2c said that its global processing platform is the bridge that connects Shift Payments to the existing payments ecosystem.
It allows Shift Payments to integrate into the authorization stream and existing settlement process with the issuing bank and card network.
Both companies have already collaborated to get test cards to market and are working on a global roll out.
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By GlobalDataMeg Nakamura, co-founder and CEO of Shift Payments, said: "Today, money exists in a variety of different forms, not just traditional fiat currency, but there is no easy or convenient way for consumers to pay for everyday goods and services with these alternative stores of value.
"By working with i2c, Shift gains access to a global payments technology platform that offers end users the benefits of best execution and greatest acceptance," says Nakamura.
