Teya Unveils Card Machine With 1.7-Second Payments

European financial-services provider Teya is targeting a persistent pain point for merchants: the time between accepting a card payment and gaining access to the proceeds. Faster terminal processing can reduce queues at the checkout, while quicker settlement may help small businesses manage cash flow and meet day-to-day expenses without waiting for standard payout cycles.

Teya has unveiled a new payment card machine that completes the vast majority of sales transactions within 1.7 seconds, according to the company. The terminal also supports instant transfers, allowing sales proceeds to be moved immediately into a seller’s account and shortening the merchant’s working-capital cycle. The information provided did not specify the machine’s price or an exact launch date.