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.
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.”