Friday, June 18, 2021
The march to real-time payments continues. Westside State Bank, a community bank in Iowa, is the latest bank to bring real-time payments to its customers through a connection to RTP, the real-time payments network developed and operated by The Clearing House. Westside is accessing RTP through Shazam, and Bankers' Bank is providing funding capabilities.
With the pandemic waning, the U.S. Commerce Department estimated that GDP growth hit 6.4 percent, the economy grew by 1.6 percent, and consumer spending increased by 10.7 percent during the first quarter of 2021.
Company profile from GS210601
GoCardless was founded in 2011 by Hiroki Takeuchi, Matt Robinson and Tom Blomfield, first-time entrepreneurs who wanted to improve the payments experience. The team set out to take the pain out of getting paid to enable businesses to focus on what they do best, company representatives stated. The initial objective was improving the way that companies collect recurring payments.
Learn how chargeback solution providers work with ISOs and merchants to protect against chargeback losses. Chargeback solutions will help improve the lifetime value of a merchant relationship, says Colin Eddy, Partner & Alliance Guru at Chargeback Gurus. Then Patti reports on EMV compliance hurdles at fuel stations, and James offers advice on getting slow-to-sign merchants across the finish line.