The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is ...

Let's start with some brief introductions on some of the VRP terminology, before jumping into the topic more deeply. Definition and Concept: Recurring payments involve automatic deductions of ...

UK Finance, in association with law firm Addleshaw Goddard LLP, is announcing a report on the use of model clauses to support the development of the Variable Recurring Payments (VRPs) for commercial ...

UK regulators have pushed big banks to establish an innovative form of payment that could leave fintechs and neobanks struggling to catch up. For years now, fintechs and new digital banks have been ...

GoCardless now offers Variable Recurring Payments (VRP). GoCardless states that its service will enable developers etc. to incorporate VRPs as the deadline for VRPs nears. GoCardless is a direct bank ...

Jan 23 (Reuters) - British regulators are setting up an independent company that will advance variable recurring payments, allowing third-party financial service providers to access banking ...

Token.io today announced that its Chief Product Officer, Charles Damen, has been elected to the board of the newly formed UK Payments Initiative (UKPI) — an industry-led company, established under the ...

The Joint Regulatory Oversight Committee (JROC) has said set out its next steps, following recommendations made in April, to grow the open banking sector in a “safe, scalable and economically ...