Certegy Payment Solutions, LLC

Clearwater,  FL 
United States
http://www.certegy.com

ACH & BNPL Payment Technology for Auto Dealers

Certegy, a leading provider of check and ACH verification, protects thousands of auto dealerships across the country – from individual dealerships with a few transactions per week to multi-location groups processing thousands of transactions per week.

Our ACH, check acceptance & Buy Now, Pay Later payment solutions provide a low cost way to accept one payment or multiple installment payments at the time of purchase, allowing dealerships to keep more profit margin and improve cash flow.

 Press Releases

• Certegy Launches Merchant Virtual Terminal Platform for Check and ACH Transaction Processing (Nov 18, 2021)

  Certegy Launches Merchant Virtual Terminal Platform for Check and ACH Transaction Processing

  June 29, 2021 09:30 AM Eastern Daylight Time

  CLEARWATER, Fla.--(BUSINESS WIRE)--Certegy, a leading ACH payments and risk management company, today announced the launch of its new Virtual Terminal platform, allowing both in-store and mobile merchants to process paper checks and ACH transactions.

  “This is a great option for those who don’t want or need to buy or rent a traditional POS system, as well as for mobile merchants that need to accept payments at the time of service from any location.”

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  Virtual Terminal provides merchants with the option to leverage either a web browser or mobile device to serve as their POS register rather than using a bulky and expensive traditional POS system.

  “Our Virtual Terminal provides merchants with more choice and the ability to efficiently accept more cost-effective check and ACH-based payments as opposed to higher fee credit and debit payments,” said Colby Thames, Chief Technology Officer, Certegy. “This is a great option for those who don’t want or need to buy or rent a traditional POS system, as well as for mobile merchants that need to accept payments at the time of service from any location.”

  The new Virtual Terminal platform enables merchants to process customer-written checks in-store using a web browser and a check reader, or in the field using mobile devices or tablets to capture check images, which are then converted to an ACH for settlement. This is especially useful for service-based merchants such as plumbers, electricians, contractors and other field service companies. The platform also enables merchants to offer and accept a payment installment option by utilizing Certegy’s Buy Now, Pay Later (BNPL) solution.

  All Virtual Terminal transactions run through Certegy’s risk analysis engine during processing, allowing merchants to take advantage of Certegy’s Warranty Program, which guarantees full reimbursement for any authorized check or ACH transaction that is returned unpaid due to stop payment orders, insufficient funds, closed or fake accounts, and other acts of fraud.

  About Certegy

  Certegy is a leading provider of payment & risk management technology for retailers and financial institutions across North America. Our technology allows businesses to expand their payment mix with ACH payments, leveraging our proprietary authorization systems, algorithms, and risk assessment decision-making platform to provide low risk, low-cost transactions via mobile, web & point-of-sale. For over 60 years, Certegy has managed risk by staying at the forefront of payment innovation, using its sophisticated proprietary technologies to process, verify & warranty ACH & check transactions for more than 4,000 retailers, corporations, and financial institutions at more than 100,000 retail locations. To learn more, please visit www.certegy.com.

• Certegy Expands Buy Now, Pay Later (BNPL) Offering with White Label Solution (Nov 18, 2021)

  Certegy Expands Buy Now, Pay Later (BNPL) Offering with White Label Solution

  Merchants Can Increase Per Transaction Revenue While Maintaining Branded Customer Experience

  May 20, 2021 09:30 AM Eastern Daylight Time

  CLEARWATER, Fla.--(BUSINESS WIRE)--Certegy, a leading ACH payments and risk management company, today announced the expansion of its Buy Now, Pay Later (BNPL) solution with the launch of a white label BNPL offering. Certegy clients can leverage new APIs and developer tools to deploy their own merchant-branded BNPL option to accept multiple payments, over time, for a single purchase, increasing their revenue per transaction.

  “The payments landscape continues to change at a rapid pace, and Certegy has evolved its proven and cost effective ACH-based technology to power innovative solutions including both branded & non-branded BNPL, digital wallets and online ACH checkout to meet the needs of retailers and consumers alike.”

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  The white label BNPL solution, targeted at mid-market and enterprise clients, leverages Certegy’s BankPay payment technology platform. Powered by best-in-class verification and risk management, the payment platform processes over $2 billion in ACH transactions annually, representing a significant savings to merchants compared to credit or debit transactions.

  “We are thrilled to announce the extension of our Buy Now, Pay Later product with new APIs, providing a merchant-branded white label solution to our customers,” said Colby Thames, Chief Technology Officer, Certegy. “The payments landscape continues to change at a rapid pace, and Certegy has evolved its proven and cost effective ACH-based technology to power innovative solutions including both branded & non-branded BNPL, digital wallets and online ACH checkout to meet the needs of retailers and consumers alike.”

  Certegy’s BNPL solution provides a safe and easy way to accept multiple payments for a service or product by splitting the cost of a purchase into several interest-free installments while the merchant is funded immediately for the full transaction. The addition of the white label functionality allows a retailer to retain ownership of its customer relationship, while relying on Certegy’s ACH rails and risk management engine to boost customer purchasing power, resulting in increased transaction sizes and higher Average Order Values.

  Certegy’s established BankPay platform, powered by 60 years of experience in processing consumer transaction data, provides merchants with an economical and safe ACH payment option while ensuring a fast, frictionless and secure enrollment and checkout experience for customers. Utilizing Certegy’s ACH Link, BankPay customers are able to connect a preferred bank account to their digital wallet in seconds, and merchants are now able to offer their own BNPL option at checkout.

  About Certegy

  Certegy is a leading provider of payment & risk management technology for retailers and financial institutions across North America. Our technology allows businesses to expand their payment mix with ACH payments, leveraging our proprietary authorization systems, algorithms, and risk assessment decision-making platform to provide low risk, low cost transactions via mobile, web & point-of-sale. For over 60 years, Certegy has managed risk by staying at the forefront of payment innovation, using its sophisticated proprietary technologies to process, verify & warranty ACH & check transactions for more than 4,000 retailers, corporations, and financial institutions at more than 100,000 retail locations. To learn more, please visit www.certegy.com

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