Payments On Fire

Take a listen to Craig McDonald, Chief Business Officer of Trustly and George as they discuss how Trustly makes its proposition possible. While Trustly is ramping up its U.S. presence, it does have timing on its side. In this pandemic-constrained age, merchants will be looking for lower cost payments and certainty. Trustly appears to have attributes to meet those concerns.   In our payments education and payments consulting work, we frequently discuss payments “rails” - the networks and systems that move money either between banks in the open lop payments model or within a single operator’s closed loop network. Think cards, wires, and ACH when you hear “open loop.” Think PayPal when you hear “closed loop.” Each set of rails connects to an account of some kind. And has to present itself to the end user to make payment initiation easy. We know how to write a check and understand how a wire is initiated. We all know how to initiate a card transaction at both the physical point of sale and online. There’s another