Anatomy Of A Consumer Payment
Banks See New Opportunity To Close The Consumer Payment, Merchant Settlement Speed Gap
From QR codes to contactless cards, consumers want access to fast and seamless payment experiences. Merchants, however, can be left waiting days for funds to settle from these different payment channels. In the latest Anatomy Of A Consumer Payment Playbook, DJ Seeterlin, chief information officer for Chesapeake Bank, explains why financial institutions (FIs) must create a one-stop payments platform for merchants to unlock instant access to funds.