Atlantic-Pacific Processing Systems and Global Oculus have partnered to provide businesses with a real-time digital currency acceptance, clearing and settlement solution.
The companies will pilot merchant acceptance of leading digital currencies for consumer purchases using fast trade execution speeds equivalent to traditional credit card transaction processing timeframes. Banks, acquirers and independent sales organizations will be able to provide their merchant clients with digital currency and conventional payment acceptance from the point-of-sale all the way through to transaction clearing and funds settlement.
APPS Founder and Co-Chairman Rich Hickman, commented:
“The partnership enables Global Oculus to integrate its cryptocurrency platform into our APPSos merchant lifecycle management platform, providing a complete end-to-end payment acceptance solution.Merchants and their customers will be able to transact with digital currencies or conventional payment vehicles in real-time,” added Hickman.
APPS President & CEO Abe Maghaguian, commented:
“Global Oculus will have the tools, integrations, and technology to quickly enable digital currency payment acceptance within the parameters of traditional merchant payment checkouts while enhancing the omnichannel experience as well.
APPS CIO Brent Gephart, said:
“The end goal is to seamlessly enable merchants for digital currency acceptance via websites, mobile applications or traditional POS terminals.Most digital currencies and associated blockchains have inherent issues that limit their use in the traditional payments ecosystem for real-time acceptance,” added Gephart. “Global Oculus has worked tirelessly to create a faster transaction-based blockchain to solve this problem.”
“We want to make digital currency acceptance ubiquitous and a part of normal everyday life for consumers around the world,” said Mike Estrada, CEO of Global Oculus. “The time has come for digital currencies to take a big leap forward and become the medium of exchange they were intended to be,” added Estrada.
