Certegy launches Virtual Terminal platform

Certegy launches Virtual Terminal platform

Risk Disclaimer >>
Ad disclosure Fintech-Insight stands firm in its mission to facilitate sound financial decisions for you. We forge alliances with specialists to provide the latest in news and facts. Engagement with designated links, sponsored entries, products and/or services, leading transfers to brokers, or promotional content might entail financial recompense for us. We pledge to protect our users from any negative repercussions arising from utilizing our site. Be informed that no content hosted here should be interpreted as authoritative in legal, tax, investment, financial matters or any expert counsel; it is meant for informational purposes exclusively. Should there be any concerns, securing the guidance of an independent financial consultant is recommended.

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.

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. 

Risk Disclaimer

Fintech-Insight is dedicated to delivering unbiased and dependable insights into cryptocurrency, finance, trading, and stocks. However, we must clarify that we don't offer financial advice, and we strongly recommend users to perform their own research and due diligence.

Leave a Reply