Certegy, an ACH payments and risk management 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 , 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.”
