In this episode of Own Your Commerce, host Jay Myers engages in a compelling conversation with Shaun Vanderkaap, head of commercial for Link Money, on the future of online payments through open banking. The focus of the discussion centers around open banking enabling consumers to pay directly from their bank accounts, offering benefits like reduced costs for merchants, lower churn rates, and decreased fraud risks.
Some topics we discuss are:
- 📈 Shaun Vanderkaap brings over a decade of experience in the payment sector, emphasizing the growth of open banking payments in the U.S.
- 🏦 Link Money introduces a secure and efficient open banking payment method, allowing instant transactions and reducing e-commerce lag associated with traditional ACH transfers.
- 💳 Open banking provides a seamless payment alternative to credit cards, enabling subscriptions and offering cost savings for merchants.
- 💡 Shaun discusses incentives for consumers to switch to bank payments, including potential discounts and rewards.
About the guest
VP of Commercial, Link Money
Shaun Vanderkaap is VP of Commercial for Link Money. Shaun is an experienced payments professional having worked in the industry for 12 years, across various international markets and roles. He has previously helped to launch new regions, products and markets at multiple companies, most recently Adyen where he spent 4.5 years prior to joining Link. At Link he is responsible for all things business