Certegy Signs Collaboration Deal with Trust Payments

Certegy, an ACH payments and risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term company, said on Monday that it had arranged a deal with Trust Payments, a fintech company, to bring Cetergy’s white-label Buy Now, Pay Later (BNPL) and BankPay offerings together with Trust Payments’ eCommerce and payment solutions to their combined merchants across the US.

According to the press release, the offering aims to target the most demanding business sectors of the firms: travel, hospitality, crypto, gaming and financial services. In addition to providing access to Trust Payments’ entire product portfolio, which includes payment gateways, verification tools and webshop building technology, Certegy merchants will gain access to Stor, an all-in-one eCommerce platform.

Trust Payments recently acquired Stor, an eCommerce platform that allows merchants to sell online direct to consumers.

“We are excited to take this next step in the expansion of our innovative BNPL and BankPay offerings with our partnership with Trust Payments and to benefit from being able to offer their expansive portfolio of innovative products and services, including Stor to our customers. As digital payments continue to grow and evolve, it will become crucial for businesses to take the hassle out of providing BNPL and direct payment solutions to their clients. The combined offerings will give thousands of merchants the added benefit of offering payment flexibility options to their consumers without redirecting them to a third-party site combined with Trust Payments’ expertise, this will truly help to make the entire checkout process easier and more seamless,” Greg Lipari, the VP of Strategy & Commercial Development at Certegy, commented.

'Buy Now, Pay Later' Background

Certegy’s white label BNPL solution, launched in 2021, is targeted at mid-market clients and enterprise clients and uses Certegy’s BankPay technology platform. ACH transactions on the platform total over $2 billion each year.

Jonathan O’Connor, the Chief Commercial Officer & CEO of US at Trust Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, added: “Our mission is to help merchants optimize business growth by creating and facilitating enhanced digital customer commerce experiences, bridging traditional and emerging verticals and markets in a responsible way. As we continue to help small businesses that struggle with digitization strategies, this partnership with Certegy will give them the access to provide BNPL and BankPay options in a safe and easy-to-use way to our merchants and open doors for us to collaborate with their customers too.”