Heartland Payment Systems, the fifth largest payment processor in the US, has signed an agreement with BitPay that will find the company referring customers to its platform.
Founded in 1997, Heartland offers credit, debit and prepaid card processing services, as well as check management and payments solutions. The publicly traded company estimates it has more than 250,000 customers nationwide.
Statements by the companies indicate that Heartland will seek to identify businesses and organisations that may benefit from the bitcoin payment processor’s services, then referring them to the BitPay team for more information.
“We currently have more than 50,000 merchants accepting bitcoin payments on our platform. Through this referral partnership we hope to reach a number of merchants that are largely new to bitcoin, bridging the gap between the traditional and modern payments industry.”
The news marks the second such referral agreement now in place between BitPay and a major US payments processor following an August agreement with electronic transactions processor Global Payments.
Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.