Modulus, a US-based developer of crypto exchange and surveillance technology, today announced a partnership with Axcess Merchant Services, a merchant account, and technology solutions provider.
The new partnership will allow Modulus cryptocurrency exchange operators the ability to accept credit and debit card payments to fund trader accounts.
“As regulators begin to demand more from exchanges, it only seemed to make sense to bring Axcess Merchant Services into the Modulus family. We’ve always chosen only the best vendors to make add-on services available to our white label clients, and we believe they will be happy with solutions Axcess brings to the table. Unlike many of their competitors, Axcess is able to tailor banking solutions to the specific needs of the market. Obviously, in our industry, that’s an important differentiator in a payment solution provider.”
– Richard Gardner, CEO of Modulus
Last week, Modulus announced that its exchange platform will allow digital asset brokers the ability to offer margin trading and lending.
“Modulus’ multi-faceted technical approach to high-performance trading exchanges will be further displayed as Axcess and Modulus work closer together to ensure a positive customer experience in the payment sequence. Modulus will utilize the PCI Level 1 infrastructure that we have developed to provide merchants with a full suite of offerings, including tokenization, risk and fraud systems, and real-time monitoring, as well as a quick onboarding service.”
– Nick Fox, Managing Director of Axcess Merchant Services
Known throughout the financial technology segment as a leader in the development of high-frequency trading systems and exchanges. Over the past twenty years, Modulus has built a client list which includes Goldman Sachs, Merrill Lynch, JP Morgan Chase, Bank of America, Barclays, NASA, Siemens, Shell, Yahoo!, Microsoft, Cornell University, and the University of Chicago.