CardinalCommerce and Bitnet Join Forces to Help Merchants Accept Bitcoin for Goods and Services at No Risk

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CardinalCommerce, the global leader and pioneer in the remote payments industry, and Bitnet, the world's digital commerce platform, have joined forces to make immediately available the ability for merchants to accept online payments using bitcoin.

CardinalCommerce (http://www.cardinalcommerce.com), the global leader and pioneer in the remote payments industry, and Bitnet (http://www.bitnet.io), the world's digital commerce platform, have joined forces to make immediately available the ability for merchants to accept online payments using bitcoin.

Bitnet’s platform offers merchants security, reliability, scalability and flexibility, delivering a seamless experience for both consumers paying with bitcoin and merchants accepting bitcoin transactions. Bitnet’s integration with Cardinal allows merchants to accept payments from anyone, anywhere, with instant global reach and no cross-border fees. Merchants can display the prices of their goods in any of 60 major world currencies, accept bitcoin as payment, and receive funds in their local currency without ever needing to handle bitcoin themselves. Merchants also eliminate all payment risk – there are no chargebacks with bitcoin, ever. Transaction fees are also lower than with other methods of payment. With Bitnet’s platform, merchants enjoy all the advantages of accepting bitcoin while never needing to deal with any of the digital currency’s complexities.

With Cardinal’s Bitnet integration, accepting bitcoin is quick and easy. One Connection to Cardinal’s patented platform allows merchants to accept payments from dozens of digital wallets and alternative payment brands. Another major benefit is that Cardinal handles all program updates. Once a merchant is using Cardinal, any maintenance, updates and version changes the wallets or payment brands make are managed by Cardinal and require no additional IT resources.

“Cardinal is thrilled to be able to offer our merchants the ability to accept bitcoin through our newest payment brand partner, Bitnet. Their many combined years of payment industry experience makes them the best choice for Cardinal and our merchants who want to offer bitcoin as an alternative way for their Customers to buy. The many benefits of bitcoin make it a win-win for merchants and Customers around the globe!” according to Alasdair Rambaud, Cardinal’s SVP of Merchant Services.

“Bitcoin has turned the global Internet into a secure, seamless payment network - likely the most significant leap forward in FinTech history. We are honored to be partnering with CardinalCommerce to deliver the tremendous benefits of bitcoin to merchants." said John McDonnell, co-founder and CEO, Bitnet. "Cardinal is the 'go-to' provider for cutting edge payments solutions, so it is no surprise that our friends at Cardinal are as excited as we are at Bitnet to help merchants eliminate fraud while reducing processing costs through bitcoin acceptance.”

For more information, visit http://www.cardinalcommerce.com or http://www.bitnet.io.

About CardinalCommerce
CardinalCommerce is the pioneer and global leader in enabling authenticated payment transactions in the card-not-present payments industry since 1999. Through One Connection to the proprietary Cardinal SafeCloudTM payment platform, Cardinal enables friction-free, technology-neutral authentication and alternative payment services (including digital wallets and mobile commerce services). Cardinal services, partners with and complements most providers in the marketplace to deliver their One Connection to secure transactions. In accommodating this growing number of payment brands and methods, Cardinal's platforms serve as universal switches, supporting virtually all merchant platforms, wallets, legacy processing systems and authentication methodologies. CardinalCommerce is headquartered in Cleveland, Ohio and services a worldwide Customer base from facilities in the United States, Europe and Africa.

For more information, visit http://www.cardinalcommerce.com

About Bitnet
Bitnet provides a digital commerce platform enabling enterprise-scale merchants to accept bitcoin payments. With deep experience in the retail and airline sectors, Bitnet's engineering, product, and business development team helped build and manage the world's largest payment gateway, CyberSource. Bitnet has offices in San Francisco, California and Belfast, Northern Ireland.

CardinalCommerce Media Contact:
Tara Lavelle
Vice President, Marketing
CardinalCommerce Corporation
877.352.8444
tlavelle(at)cardinalcommerce(dot)com

Bitnet US Media Contact:
Nic Bain
Clement | Peterson
415.496.6173
nic(at)clementpeterson(dot)com

Bitnet UK Media Contact:
Berkeley PR
Angela Woodward / Denis Davies
+44.118.909.090909
Bitnet(at)berkeleypr(dot)co(dot)uk

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Tara Lavelle
CardinalCommerce
+1 (440) 352-8444 Ext: 228
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