SOURCE: Bitnet

Bitnet

July 29, 2015 09:00 ET

Bitnet and Zooz Enable Merchants to Accept Bitcoin

BELFAST, UNITED KINGDOM and TEL AVIV, ISRAEL--(Marketwired - Jul 29, 2015) - Bitnet, an enterprise bitcoin payments processor, and Zooz, an industry-leading payments platform provider, today announced a strategic partnership that will enable merchants to accept bitcoin as a payment method on the Zooz payment platform.

Bitcoin is a digital currency that allows merchants to accept payment from anyone, anywhere in the world, at a low cost and with no chargeback risk. Its reach, coupled with the ability to address points of friction in traditional payments networks, has led to a surge of interest in bitcoin in recent years.

Zooz's payments platform offers enterprise merchants the flexibility to connect with multiple financial institutions, seamlessly integrate acquirers, e-wallets and alternative payment methods, and intelligently route transactions between multiple financial institutions, fraud management and other third-party services. The platform enables merchants to maximize acceptance rates across all sales channels and geographies.

Zooz customers will be able to add bitcoin as an option to their checkout pages quickly and easily. Bitnet will enable Zooz's customers to accept payments in bitcoin without being exposed to the risk of fraudulent transactions or any volatility in the price of bitcoin.

"We have seen the growing interest in digital currencies among our customer base and are excited to partner with Bitnet to add bitcoin to our service offering," said Nathan Jackson, VP Europe, Zooz. "We selected Bitnet as a partner due to their advanced platform and the integrity of its team, in addition to demand from some of our key customers for bitcoin payments."

"Our partnership with Zooz enables us to work with one of the most innovative payments platforms in the market," said Akif Khan, Chief Commercial Officer, Bitnet. "We are excited to partner with this rapidly growing company and help its merchants drive profitability across all channels."

About Bitnet
Bitnet provides a digital commerce platform enabling enterprise-scale merchants to accept bitcoin payments. Bitnet's engineering, product, and business development team helped build and manage the world's largest payment gateway, CyberSource, which was sold to the world's largest payment network, Visa, for $2 billion in 2010. Bitnet has offices in San Francisco, California; Belfast, Northern Ireland; and Singapore. For more information, visit https://www.bitnet.io.

About Zooz
Zooz provides a payments platform designed to help merchants maximize their payments performance. It offers the flexibility to connect with multiple financial institutions, seamlessly integrate acquirers, e-wallets, alternative payment methods, fraud management and other third-party services, and intelligently route transactions through the entire payment process. Zooz consolidates and analyses all payment data to provide valuable information to merchants, enabling them to personalize customer experiences online and in-store. It is the partner of choice for any business seeking to extend reach, reduce decline rates, increase revenues, maintain strong customer relationships and meet the challenges of the dynamic global market. For further information please go to http://www.zooz.com.