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March 23, 2017

ACI Worldwide, Payment21 collaborate to facilitate AML-compliant bitcoin transactions

ACI Worldwide has entered into a strategic partnership with Payment21 to enable payment service providers (PSPs) to offer merchants anti-money laundering (AML)-compliant bitcoin acceptance globally.

By Verdict Staff

ACI Worldwide has entered into a strategic partnership with Payment21 to enable payment service providers (PSPs) to offer merchants anti-money laundering (AML)-compliant bitcoin acceptance globally.

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The partnership will allow PSPs and merchants to ‘quickly and easily’ add bitcoin payments to their checkout pages, without additional integrations, the companies said in a statement.

The platform includes inbound payments and payouts in bitcoin offering real-time settlement capabilities on a global scale.

ACI said its UP eCommerce Payments solution provides connectivity to a global network of over 350 card acquirers and alternative payment methods.

ACI Worldwide vice president Andy McDonald said: “ACI strives to remove the complexity from payments and streamline cross-border eCommerce. The addition of Payment21.com’s cryptocurrency processing services to our network is another milestone in the ongoing expansion of our global network.”

Payment21.com general manager Bernhard Kaufmann said: “With Payment21, PSPs and merchants are able to meet Know-Your-Customer (KYC) rules in European and international jurisdictions, as the Bitcoin cashier system caters to global KYC-regulations. This, together with no chargeback risk, makes enabling Bitcoin payments an effective solution for merchants that are seeking to address traditional points of friction—including delays and costs associated with cross-border payments.”

Free Report
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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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