[ad_1]
Side Payments integrates Nuggets' Blockchain biometric tool
br>
Payment and Solutions Payment Services (Latpay) is collaborating with blockchain payments and platform ID platforms to provide next-generation innovative technologies to their merchants.
Based in Australia, Latpay offers an integrated online payment solution for companies around the world. Its platform also offers access to online billing, transaction reporting and reconciliation services that allow companies to better manage all aspects of payment processing transactions, all in one place.
Nuggets is a consumer blockchain application that offers users a single biometric tool for checking access, payment and identity without sharing or storing private data. Services such as desktop e-commerce sites and telephone customer service agents can also ping the mobile application for payment and ID verification.
The partnership will see Latpay integrate Nuggets blockchain technology into its online payment solution. Integration will allow Latpay network merchants to replace customer data with biometric credentials. It will eliminate the need for usernames and passwords and the need to store personal information with third parties.
"Our merchants process quick and easy payments through our platform, but they are also increasingly concerned about how retailers and payment providers store their personal data," said Ian Vidamour, Director of Lateral Payment Solutions. "Our partnership with Nuggets and our integration of their blockchain technology have strengthened security around the storage of personal information, which is why we are so excited about this partnership."
The integration will involve the connection of the Latpay payment platform through the digital identity of the trader to avoid the need for user names and passwords. In addition, Nuggets will continue to facilitate payments "anything, anytime, anywhere" for Latpay.
"We are pleased to be integrated with Lateral Payment Solutions, which will extend the reach of Nuggets to consumers who want to use it to pay with credit and debit cards," said Alastair Johnson, CEO and founder of Nuggets. Lateral Payment Solutions has identified significant opportunities for digital identity, payment and frictionless verification via blockchain, and we look forward to maximizing this opportunity with them. "
