In a press release Global Payments Inc., a provider of electronic transaction processing services for merchants, Independent Sales Organizations, financial institutions, government agencies and multi-national corporations, etc. announced that it has partnered with BitPay, the world leader in business solutions for the Bitcoin digital currency to provide a Bitcoin payment option for its clients.
The increasing popularity of Bitcoin has prompted the organization to associate itself with it. In fact, the announcement says that this relationship with BitPay is going to provide an excellent opportunity for Global Payments to incorporate the cryptocurrency into its product suite and offer Bitcoin payment acceptance to its worldwide merchants.
David Mangum, President and Chief Operating Officer for Global Payments, issued a statement to media and said that his company is focused on delivering innovative products and services to global customer base, and this relationship provides it the ability to offer the merchants an integrated digital currency payment choice.
He also added that his company is pleased to partner with BitPay to provide next-generation payment solutions to its customers. Similar views were shared by Tony Gallippi, BitPay’s Co-founder and Executive Chairman who said that this partnership with Global Payments allows ecommerce and retail merchants to easily accept Bitcoin payments.
According to Tony Gallippi the cross-border demands of global merchants present a great opportunity for Bitcoin acceptance and will allow the company to reach more customers in emerging markets which have a lot of potential. As Bitcoin is providing an excellent opportunity for Bitcoin companies to reach to unbanked population, many of them are showing interest now.
To Provide Specialized Processing System to Clients
Global Payments Inc. which is one of the largest worldwide providers of payment solutions signed a referral agreement with BitPay aims to provide specialized processing systems for the retail, restaurant, lodging and hospitality, automotive, ecommerce, Government, education and healthcare industries.
Being one of the largest worldwide providers of payment solutions for merchants, value added resellers, enterprise software providers, financial institutions, etc. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services for the clients who are looking for credit and debit cards.
The company believes that to continue its leadership in the ecommerce market, it must develop the most sophisticated and flexible point-of-sale systems available. It says that a full line of services are offered, including credit and debit card authorization, sales draft processing, private label and electronic draft capture and check processing, etc.
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