Everyday Payments has initiated the RPAA compliance process for thousands of hospitality businesses. This has strengthened payment security and operational standards. The initiative helps merchants comply with regulations and simplify daily payment operations. The RPAA compliance program helps hospitality businesses adopt uniform payment processing practices and gain the trust of customers. In addition, verification steps and system checks are involved in the RPAA compliance process.
“Applying under the RPAA to the newly formed Everyday Payments is a natural extension. Of how we operate our business,” said Gordon Reykdal, Executive Chairman of Everyday People Financial Corp. and Board Member of Everyday Payments. “We welcome a clear and robust regulatory framework and believe it strengthens trust across. The payments ecosystem, benefiting consumers, merchants, and partners alike,” he added.
Simplifying Compliance Through Technology
Moreover, Everyday Payments utilizes its technology to ensure that RPAA compliance tools are easily incorporated into merchants’ existing systems. Such an approach will ensure that merchants’ daily operations are not significantly disrupted. With this initiative, Everyday Payments is reinforcing its position as a reliable player in the hospitality payments industry.
“The RPAA framework represents a meaningful step forward. For XTM, as we complete the migration of AnyDay to Everyday Payments,” said Marilyn Schaffer, CEO of XTM. “This progress would not have been possible without the expertise and infrastructure of the EPP team. While the transition has included challenges related to reconciliation and technology alignment. We welcome the rigor and discipline the RPAA brings & look forward to building from a position of strength,” she added.
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News Source: Businesswire.com
