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Tag: VRPs

Understanding consumer protection and commercial VRPs

The emergence of Variable Recurring Payments (VRPs) marks a significant milestone in the realm of open banking payments. These innovations are not only elevating...

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In global shift to open finance can the UK remain a leader?

The UK has been considered a trailblazer in open banking for some time. Since the Competition and Markets Authority (CMA) ‘s open banking investigation...

All I want for Christmas is…an open banking entity that takes us into the next phase (Siamac Rezaiezadeh)

We may be just a few short weeks away from the end of the year, but things are far from slowing down. In fact,...

HSBC first to launch UK Variable Recurring Payments (VRPs)

HSBC UK has launched sweeping Variable Recurring Payments (VRPs) to its personal and business customers that participate in or wish to use Open Banking...

CMA clarifies definition of Variable Recurring Payments for Sweeping

In July 2021, the CMA mandated the use of variable recurring payments (VRPs) as the mechanism for implementing sweeping under item A10 of the...

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