Business Daily Media

The Times Real Estate

.

Nuggets & Latpay Partner to Bring Secure Blockchain-Powered Payments to Global Merchants

  • Written by Sarah Wright


Lateral Payments Solutions adopts blockchain-powered payment interface from Nuggets to create next-generation payment solution -

London, United Kingdom - 04 January 2019: Nuggets, the blockchain-powered decentralised digital identity and payments company has today announced a key partnership with Lateral Payment Solutions, who will integrate the award-winning interface into their globally connected payment platform, to deliver next generation innovative technology to their merchants.

The integration of Nuggets’ technology with existing payment rails will mean merchants utilising the Lateral Payments Solutions platform no longer have to access or store consumers’ personal data. It will also remove the need for usernames and passwords, and the need to store personal information with third parties.

Alastair Johnson, CEO and Founder of Nuggets, said: “We’re delighted to be integrating 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. Lateral Payment Solutions has identified the significant opportunity of frictionless digital identity, payment and verification through blockchain, and we’re looking forward to maximising that opportunity with them.”
Since 2001 Lateral Payment Solutions has processed millions of transactions, across an extensive and diverse merchant portfolio. The integration with Nuggets will involve connecting the payment gateway via merchant digital identity to avoid the need for usernames and passwords – made possible by Nuggets’ unique blockchain solution.

Nuggets will continue to facilitate ‘anything, anytime, anywhere’ payments for Lateral Payments Solutions, building upon their existing technology base. The partnership announcement comes at a critical time within the payment sector, with the pending implementation of the EU’s Second Payment Services Directive (PSD2) forcing providers to meet more stringent criteria.

Ian Vidamour, Director of Lateral Payment Solutions said “Our merchants process fast and simple payments via our platform – but they’re also increasingly concerned about how retailers and payment providers store their personal data. Our collaboration with Nuggets, and our integration of their blockchain technology tightened security around the storage of personal information which is why we’re so excited about this partnership”.


About Nuggets
Nuggets is an e-commerce payments and ID platform. It stores your personal and payment data securely in the blockchain, so you can make simple e-commerce payments and other transactions, without having to share your personal data with anyone – not even Nuggets.  
For more information please visit: https://nuggets.life/

About Lateral Payment Solutions 
Latpay are a leading Payment and Merchant Service Provider in UK, Australia and Canada offering an integrated online payment solution to businesses around the world. Comprising industry-leading payment technology, exceptional fraud and risk management capabilities, Latpay are proud to provide complete payment solutions to both conventional and bespoke e-Commerce challenges. For more information please visit www.latpay.com

Shearwater Capital Invests in EvenBetter.ai to Drive Gender Pay Gap Action

EvenBetter.ai, a Sydney-based startup focused on helping Australian businesses build evenly to address gender pay equity, has secured a $500,000 i...

Global talent: Unlocking the potential of the ‘Everywhere Workforce’

We’ve reached a defining moment in the future of work. Shifts in business demands, evolving employee expectations and the acceleration of tech inn...

Mark Bouris’ Top Tips for Effective Networking

As Boa App Introduces ‘Chapters’ for Australian Business owners A vocal champion of the power of networking, renowned businessman Mark Bouris is ...

Retailers combat post-Christmas debt and boost revenue amid changing customer behaviours

As the festive season wraps up, Australian retailers and companies are shifting their focus from holiday sales to addressing the challenges of pos...

When Will Infrastructure Companies See Gains from Generative AI?

A lot of questions are swirling about the state of generative AI right now. How far along are companies with their bespoke GenAI efforts? Are orga...

DLPA partners with Crestcom to bring its leadership training solutions

Dynamic Leadership Programs Australia (DLPA), a leading provider of leadership training and workforce strategy solutions, has joined forces with r...

Sell by LayBy