Payment solutions provider Global Payments will start accepting Bitcoin, incorporating the digital currency into its product suite and offering Bitcoin payment acceptance to its worldwide merchants, after signing a referral agreement with payment service provider (PSP) BitPay.
“We focus on delivering innovative products and services to our global customer base, and this relationship provides us the ability to offer our merchants an integrated digital currency payment choice,” said David Mangum, president and chief operating officer (COO) for Global Payments.
“We are pleased to partner with BitPay to provide next-generation payment solutions to our customers.”
“This partnership with Global Payments allows electronic commerce (e-commerce) and retail merchants to easily accept Bitcoin payments,” said Tony Gallippi, BitPay’s co-founder and executive chairman.
“The cross-border demands of global merchants present a great opportunity for Bitcoin acceptance and will allow us to reach more customers in emerging markets.”
On day one of SIBOS, panellists unanimously agreed that doing nothing to modernise payments was no longer safe bet for transaction banking.
On day one of Sibos 2017, Stefan Dab, The Boston Consulting Group led a conversation examining the future of correspondent banking, and specifically the pain points corporate treasurers face in their cross-border payments operations and where technology can be developed to alleviate these.
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.