E-commerce and digital ID platform Nuggets has partnered with Lateral Payment Solutions to support global blockchain-powered payments.
By integrating Nuggets’ technology with existing payment rails, it will enable merchants that use Lateral Payment Solutions platform will not have to access or store a customer’s personal data. In addition to this, it will remove the need of usernames and passwords, and having to store personal information with third-parties.
In order to integrate with Lateral, Nuggets will have to connect the payment gateway through merchant digital identity to avoid the need of usernames and passwords.
Nuggets is a payment and ID solution which enables consumers to make secure payments with their personal and payment data being secured on the blockchain – this removes the need of sharing information with others.
The platform lets users sign in or complete payments through biometric scans and guarantees the verified identity of both the seller and buyer.
Nuggets CEO and founder Alastair Johnson 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.”
Lateral Payment Solutions is an online payment solution which helps companies to accept a variety of transaction types, including mobile, hosted pages or alternatives.
Copyright © 2019 FinTech Global
Copyright © 2018 RegTech Analyst
