Pulling an authorized payment from a bank account to settle a recurring bill, which includes subscriptions, installment payments, and invoices to vendors, is the business of GoCardless. The company estimates that consumer and commercial recurring payments are a $40-trillion market annually on a global basis. GoCardless’s more than 45,000 clients access its cloud-based service using a dashboard or API. Processing volumes exceed $1.20 billion a month. Merchants pay GoCardless a percentage of the value of each transaction and in some cases monthly fees depending on the level of customization...