ACI Worldwide partners with BitPay to enhance digital asset solutions

Core Insights - ACI Worldwide has formed a strategic alliance with BitPay to enhance digital asset capabilities for merchants and payment service providers through the Payments Orchestration Platform [1][2] - The collaboration aims to broaden the scope of services available to clients and marks a significant step in ACI's pursuit of digital currency innovation [1][2] Digital Currency Integration - Over half of the world's retailers are considering integrating cryptocurrencies into their payment systems, indicating a growing trend in the retail sector [2] - The addition of BitPay allows for seamless handling of digital currencies, including stablecoins, complementing existing payment infrastructures [2][3] Features and Functionalities - Payment service providers and merchants can incorporate BitPay into their payment solutions, enabling functionalities such as accepting, holding, and transacting in cryptocurrencies [3] - The BitPay platform supports various transaction scenarios, including direct peer-to-peer exchanges and mobile sales environments [3] Market Accessibility - BitPay's CEO stated that the partnership with ACI Worldwide makes digital currencies more accessible for real-world commerce, enabling simple payment acceptance and cross-border settlements [4] - The combined solution accommodates settlements in both fiat currencies and stablecoins, providing operational flexibility for merchants [4] Financial Activities and Revenue Growth - Clients can utilize stablecoins for treasury operations, supplier payments, and cross-border settlements, enhancing their financial activities [5] - Merchants and payment service providers can tap into new revenue streams, often experiencing sales growth of 1–3% by providing customers with more choices at the point of sale [6]