Cash & Liquidity ManagementPaymentsElectronic/MobilePayment21, ACI Worldwide, join for AML-compliant Bitcoin payments

Payment21, ACI Worldwide, join for AML-compliant Bitcoin payments

The partners say that more than 130 payment services providers and 56,000 merchants can now accept Bitcoin payments, meeting anti- money laundering compliance requirements.

Swiss alternative payment networks specialist Payment21 and payments provider ACI Worldwide have formed a strategic collaboration to enable anti- money laundering (AML)-compliant Bitcoin payments, globally.

The partnership will allow payment service providers (PSPs) to offer merchants AML-compliant cryptocurrency transactions, making Bitcoin a viable solution for publicly-traded companies, licensed gaming enterprises, concessionary wireless network providers, and authorised investment funds. ACI’s network of more than 130 PSPs, serving more than 56,000 merchants, can now accept Bitcoin payments.

Payment21.com is the first regulated Bitcoin payment processor, focusing on the compliance needs of enterprise-level businesses and the legal prerequisites of their banking partners. ACI’s UP eCommerce Payments solution provides connectivity to a global network of more than 350 card acquirers and alternative payments methods via a single technical integration with a representational state transfer (RESTful) application programming interface (API)

The collaboration with allows PSPs and merchants to efficiently add Bitcoin payments to their checkout pages, without additional integrations. The solution includes inbound payments and payouts in Bitcoin offering real-time settlement capabilities on a global scale, which accelerates merchant cash flow.

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