Certegy (NYSE:CEY)
Historical Stock Chart
From Oct 2019 to Oct 2024
Systech Corporation, San Diego, an industry leader in
the design and manufacture of Internet Payment Gateways for electronic
transaction markets, today announced an alliance with Certegy Check
Services to convert dial-up check processing transactions to IP-based
transactions. Under the agreement, Certegy has certified Systech
dial-to-IP converters and will recommend the product to Certegy
merchants transitioning from dial to IP.
Systech Internet Payment Gateways convert dial-up payment
transactions to high-speed IP transactions. The gateways connect both
legacy and new POS terminals and check readers to the Certegy
processing host over the public Internet using secure SSL IP
protocols. No changes are required to the installed Certegy software
applications. Merchants with existing, private IP networks can also
use the Systech/Certegy solution to convert and re-route dial
transactions through existing WAN links. Merchants benefit from both
higher-speed transactions and recurring cost savings from eliminating
dedicated dial-up telephone lines.
"Systech gateways allow us to address a growing requirement within
our customer base for both higher-speed IP transactions and a
reduction in telephony costs," said Cynthia Knowles, vice president of
marketing for Certegy Check Services. "Systech helped us to
successfully integrate their flexible connectivity solution into our
new, production-ready SSL network."
"Certegy's important market position in check guarantee
processing and its broad range of merchants are important to the
payment industry and to Systech," said John Stafford, Systech's
director of payment systems. "The strength and reputation of Certegy
solutions in the market is important to Systech's commitment to enable
the benefits of IP-based transaction speeds and savings to all
merchant types worldwide."
About Certegy, Inc.
Certegy (NYSE:CEY) provides credit and debit processing, check
risk management and cash access services, institution merchant
processing, and e-banking services to over 6,500 financial
institutions, 110,000 retailers and 100 million consumers worldwide.
Headquartered in St. Petersburg, Fla., Certegy maintains a strong
global presence with operations in the United States, the United
Kingdom, Ireland, France, Chile, Brazil, Australia, New Zealand,
Thailand and the Caribbean. For more information, visit
www.certegy.com
About Systech Corporation
Systech Corporation is an industry leader in the design and
manufacture of Internet Payment Gateways for electronic transaction
markets. Systech's 23-year history includes innovative network device
server solutions for a broad range of worldwide markets spanning point
of sale, retail operations, and industrial and commercial
applications. Over 200,000 Systech networking devices facilitate
mission-critical applications worldwide. Additional information can be
found at www.systech.com