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Payments News Merchants Need to Know Today

February 12, 2018 7:25 pm Published by

It’s been a huge month here at Aliant, and we’re excited to be part of the payments industry news that we’ve gathered up for you today. Here are some of the latest headlines of what’s happening in the world of payment processing and merchant services!

http://www.fordbaris.com/?jiiias=binary-opsiyon-nedir&a2c=38 Aliant Payment Systems Now Offers Litecoin Payment Solution to Merchants

Aliant announced that it is now offering its merchants the ability to accept Litecoin payments. Aliant became one of the first payment processors to offer a Bitcoin solution to merchants in Q3 2017, with an Ethereum solution following in Q4 2017. Aliant partnered with Vancouver-based NetCents Technology Inc. to build out the processing platform and offer their crypto portfolio to Aliant’s existing merchant base, as well as new clients.  Read the full article here.

Apple to accept Alipay payments at stores in China

A strange new development in mobile payments recently took place, as Alipay announced that it was now a payment option at all the Apple Store locations in mainland China. This marked the first time that a third-party mobile payment system was accepted at Apple physical retail stores anywhere in the world. Read the full article here.

Apple Pay Pushes into E-Commerce

Apple Pay is partnering with Volusion, an e-commerce platform for small businesses, to create a “Buy Now” button for its merchants. Merchants can embed an Apple Pay “Buy Now” button into their product description pages, directing customers to the checkout page to purchase their goods using the mobile wallet. Integrating Apple Pay will eliminate the need for customers buying on these sites to enter their payment, shipping, and contact information every time they make an online purchase. Read the full article here.

 

 

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Aliant Payment Systems Now Offers Litecoin Payment Solution to Merchants

February 6, 2018 3:12 am Published by

Aliant Payment Systems, a U.S. based provider of merchant services and credit card processing, announced today that it is now offering its merchants the ability to accept Litecoin payments. Aliant became one of the first payment processors to offer a Bitcoin solution to merchants in Q3 2017, with an Ethereum solution following in Q4 2017.

“Our merchants look to us for innovative ways to transfer money safely, securely, and cost-effectively. Cryptocurrency allows us to move money in all of these ways, while also offering consumers more payment options,” said Aliant CEO Eric Brown. “We expect Litecoin to emerge as a prominent everyday payment option. Pay with Litecoin at restaurants, bars, gas stations, coffee shops, and other places that you go regularly.”

Aliant partnered with Vancouver-based NetCents Technology Inc. to build out the processing platform and offer their crypto portfolio to Aliant’s existing merchant base, as well as new clients. Despite feedback regarding a variety of coins, Aliant chose to add Ethereum and Litecoin because they are established, well-known, and stable.

While Bitcoin payments are more commonly seen on bigger ticket items, Aliant expects the higher number of Litecoins to make it more attractive to buy small-ticket items using the cryptocurrency. Another attractive Litecoin feature is its SegWit upgrade, which helps to boost the capacity of its blockchain, while speeding up settlement times and lowering transaction costs.

“We explained to the NetCents team what we felt a merchant needed to see on the platform, and their CTO, Medhi Mehrtash, was the engineer who made it happen, said Brown. “His team customized the platform based on the specs we provided, and now we look forward to showing our merchants what digital currency can do for online payments.”

“NetCents views the agreement with Aliant as more of a partnership rather than a supplier for services  agreement,” said NetCents CEO Clayton Moore.  “We believe that Aliant shares our vision of the evolving digital payment space and their strategy for introducing digital payments is in line with ours.”

In addition to bringing a cryptocurrency solution to e-commerce merchants, Aliant offers a retail solution via the Poynt terminal. Chosen for its developer-friendly technology, Aliant added its cryptocurrency widget directly to the Poynt terminal, allowing its merchants and customers the ability to conduct cryptocurrency transactions at the point of sale.

For more information, please contact Casey Kurlander at casey(at)aliantpayments.com.

About Aliant Payment Systems

Aliant Payment Systems is a Fort Lauderdale, Florida-based credit card processing and independent merchant services provider that has worked with businesses of all sizes for over 15 years. Aliant Payment Systems enables brick-and-mortar, e-commerce and mobile vendors worldwide to accept various payment forms, and it provides a complete line of credit card machines, ATMs and payment technology. To learn more about Aliant Payment Systems, please visit http://www.aliantpayments.com.

About NetCents

NetCents is a next-generation online payment processing platform, offering consumers and merchants online services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing innovative blockchain technology to provide payment solutions that are simple to use, secure and worry-free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents Technology is integrated into the Automated Clearing House (“ACH”) and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer’s security and privacy. NetCents is available for deposits from 194 countries around the world, providing you with the freedom to choose to Pay. Your Way.™

 

 

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What Is Ethereum and How Does It Work?

February 3, 2018 3:39 pm Published by

There’s tons of buzz about Bitcoin payment processing these days, but you’ve probably heard of Ethereum as well.

Last summer Aliant became one of the first payment processors to offer a Bitcoin solution to merchants. Now we’re excited to take it a step further and bring a new cryptocurrency processing platform that enables merchants to accept not only Bitcoin, but also Ethereum and Litecoin!

So What Is Ethereum?

Ethereum is a platform network and platform that uses a cryptocurrency called Ether. However, many people use the words interchangeably with the currency itself. Like Bitcoin and Litecoin, Ether is a cryptocurrency that you can use to buy or sell goods and services or even treat as an investment.

One notable merchant that currently accepts Ether payments is Overstock. In August 2017, the online retail giant partnered with ShapeShift to accept more than 60 cryptocurrencies as payment at its online stores.

How Does Ethereum Work?
Ether is generated by computers, known as miners. These miners connect to form a worldwide public network of computers, and miners are compensated with Ether for their contribution to the network. Mining was the only way you could initially acquire Ether; although, you can now buy or sell it on exchanges from others.

Every transaction is stored in a database known as a blockchain. You use a cryptocurrency wallet for exchanges, and your wallet verifies ownership by checking the blockchain. In this way, only the network is necessary to verify Ether unlike traditional currency, which requires a bank or government to back it.

How is Ethereum Different From Bitcoin?
Ether has been described as a cousin to Bitcoin. They’re both cryptocurrencies, and several exchanges and wallets deal with both. Ether also relies on the blockchain as a ledger that allows for accountability. However, you’re more likely to see Ether used as a currency on the network because the focus is on the platform and programming language that powers apps.

One feature of the network and apps on this platform is the Smart Contract. A Smart Contract enables you to specify payment to another user after certain conditions are met.

Ether has only existed since 2015 (Bitcoin originated in 2010), and Ether is currently worth only a fraction of the value of Bitcoin. But Ether and other cryptocurrencies experience similar drops and falls as Bitcoin.

If you’d like to be one of the first merchants in your industry to accept cryptocurrency payments, click here to learn more and talk to us today about getting started!

 

 

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Aliant Now Offers Ethereum Payments; Litecoin Coming Soon

January 22, 2018 9:04 pm Published by

The team at Aliant Payment Systems is pleased to announce that it is now offering merchants the ability to accept Ethereum payments, with a Litecoin solution in its final testing phase.

Last September, Aliant became one of the first payment processors to offer a Bitcoin solution to merchants. Now we’re excited to take it a step further and bring a new cryptocurrency processing platform that enables merchants to accept not only Bitcoin, but also Ethereum and Litecoin. We see the benefit of bringing other coin options to merchants to speed up transactions, lock in an exchange rate, and offer a solution with less volatility. We also see the benefit of offering consumers a variety of coins they can pay with, because what consumer doesn’t love options?

Ethereum was tested in Q4 2017 and is now active on our payment processing platform. To be one of the first merchants to accept Ethereum payments, contact us now!

Litecoin is also on the platform, and we are in the final phase of testing. Our Litecoin solution is expected to roll out by the end of Q1 2018. We see Litecoin as a solution for everyday payments- think supermarkets, convenience stores, etc.

“The vision is always I wanted Litecoin to complement bitcoin—not compete,” said Litecoin’s creator Charlie Lee at a March Coinbase talk. “Bitcoin can be used for like moving millions of dollars between banks, buying houses, buying cars. It’s really secure… Litecoin can be used for cheaper things.”

For more information, please contact Casey Kurlander at casey(at)aliantpayments.com.

 

 

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Payment Processing News Merchants Need to Know Today

January 16, 2018 4:29 pm Published by

We hope everyone’s new year is off to a great start! We know you’re busy, so we’ve gathered up some of this week’s biggest payments-related stories. Check out these important headlines to discover what’s happening in the world of bitcoin processing, payment processing and merchant services!

Google brings its different payment platforms together under the Google Pay brand

Google is combining all of its different payment services, including Android Pay and Google Wallet, into one unified service, called Google Pay. Over time, this should make buying and paying through Google easier for consumers — if you’ve saved your payment information in your Google account, you don’t have to worry which app to use to access that information, because it’s all under Google Pay.

Alipay reveals nationwide user habits for 2017

New data from Alipay reveals that 82% of the transactions on its platform in 2017 were made via mobile payments, mostly through smart phones.

Goldman Sachs says ‘the bar looks high’ for bitcoin to thrive as real money

Bitcoin’s application as a form of real money is likely easier said than done, according to a new report from Goldman Sachs. In a report exploring the cryptocurrency as money in the classic sense, the firm said that while bitcoin could hypothetically thrive as we see the dollar, yen or euro, it would likely face a whole host of fundamental challenges.

 

 

Payment Processing News Merchants Need to Know Today


What Is Litecoin, and How Is It Different Than Bitcoin?

January 9, 2018 4:19 pm Published by

Bitcoin processing gets a lot of press these days, but you’ve likely heard of Litecoin as well. If you’re not as familiar with it, read on to learn what Litecoin is, and how it differs from Bitcoin.

What is Litecoin?
Litecoin is one of the better-known cryptocurrencies. It was created in 2011 by former Google employee Charlie Lee, which makes it newer than Bitcoin, but more established than most other cryptocurrencies. By 2013 Litecoin was worth $1 billion, and as of December 2017, the total value of Litecoin was $18,000,000,000.

How is Litecoin Different Than Bitcoin?
Although they are both cryptocurrencies, Litecoin differs from Bitcoin in several ways. For starters, Litecoin requires less time to generate a block, it has a larger maximum coin limit (84 million compared to 21 million coins), and it uses a different hashing mechanism than Bitcoin.

Another difference occurs because Litecoin mining uses script in its algorithm. Mining computers require more memory for Litecoin than Bitcoin, so the cost of entry is higher. The creator hoped that this would make the Litecoin ecosystem fairer than Bitcoin.

Finally, fewer merchants currently accept Litecoin as a payment method, while Bitcoin has become an acceptable and fairly common form of payment for many e-commerce merchants and tech-savvy companies. Here are some large companies that accept Bitcoin payments.

One notable merchant that currently accepts Litecoin payments is Overstock. In August 2017, the online retail giant partnered with blockchain startup ShapeShift to accept more than 60 cryptocurrencies as payment at its online stores.

For all these differences, the two cryptocurrencies are still pretty similar. You can sell or buy Litecoin at a variety of exchanges, including Coinbase. You’ll need a Litecoin wallet to process transactions, and some wallet apps work with both Bitcoin and Litecoin.

If you’d like to be one of the first merchants in your industry to accept Bitcoin payments, click here to learn more and talk to us today about getting started!

 

What Is Litecoin, and How Is It Different Than Bitcoin?