Variable Recurring Payments In this blog we unpack the “new (payments) kid on the block” - Variable Recurring Payments (or VRP’s). Recurring Payments: 50 Years of faithful service After over 50 years of faithful service we are well versed on the subject of the Bacs Direct Debit. With 4.6 billion DD’s processed each year they are... Continue Reading →
When will Variable Recurring Payments (VRPs) be ready to use? Will they kill off Direct Debits? Will the payments landscape be changed forever? There’s so much noise in the industry right now about VRPs, so we thought we'd shed some light on where things stand and what is actually possible, and share a potential timeline... Continue Reading →
TrueLayer has unveiled a recurring payments API capable of dealing with both sweeping and non-sweeping use cases. The Competition and Markets Authority(CMA) has mandated the UK’s nine largest banks to provide Variable Recurring Payments (VRPs) that support the automatic transfer of money between two accounts belonging to the same person.VRPs allow customers to connect authorised payments providers... Continue Reading →
In the latest Payments:Unpacked podcast we discuss Variable Recurring Payments (VRPs) with Sean Devaney https://open.spotify.com/episode/5OeaM9F1vyUOic0NrvczWe?si=tNKmlLmxR1mg_2pxpeu0Yw
Recurring Payments: 50 Years of faithful service After over 50 years of faithful service we are well versed on the subject of the Bacs Direct Debit. With 4.6 billion DD’s processed each year they are the pre-eminent form of collecting regular payments efficiently and cost effectively from our bank accounts. To date viable alternatives to Direct... Continue Reading →
