Certegy Expands Buy Now, Pay Later (BNPL) Offer With White Label Solution

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Merchants can increase their revenue per transaction while maintaining a branded customer experience

CLEARWATER, Fla .– (BUSINESS WIRE) –

Certegy, ACH’s leader in payments and risk management, today announced the expansion of its BNPL (Buy Now, Pay Later) solution with the launch of a white label BNPL offer. Certegy customers can take advantage of new APIs and developer tools to deploy their own branded BNPL option to accept multiple payments, over time, for a single purchase, thereby increasing their revenue per transaction.

The BNPL white label solution, aimed at mid-market and corporate customers, is based on Certegy’s BankPay payment technology platform. Fueled by industry-leading audit and risk management, the payments platform processes over $ 2 billion in ACH transactions per year, representing a significant savings for merchants compared to credit or debit transactions. .

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

Certegy’s BNPL solution provides a secure and easy way to accept multiple payments for a service or product by dividing the cost of a purchase into multiple interest-free installments while the merchant is funded immediately for the entire transaction. Adding white label functionality allows a retailer to retain ownership of their customer relationship, while leveraging ACH rails and Certegy’s risk management engine to increase customer purchasing power, resulting in increased transaction size and higher average order values.

Certegy’s established BankPay platform, powered by 60 years of experience in processing consumer transaction data, provides merchants with a cost-effective and secure ACH payment option while ensuring a fast sign-up and payment experience, frictionless and secure for customers. Using Certegy’s ACH Link, BankPay customers can 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 and risk management technologies for retailers and financial institutions in North America. Our technology enables businesses to extend their payment mix with ACH payments, leveraging our proprietary authorization systems, algorithms and risk assessment decision-making platform to deliver low-risk, secure transactions. low cost via mobile, web and 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 and secure ACH and check transactions for over 4,000 retailers, businesses and institutions. financial services in more than 100,000 points of sale. . For more information, please visit www.certegy.com

Media contact: Brian Ruby, ICR, [email protected]

Source: Certegy



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