Posts Tagged ‘UK Payments Initiative’
UK Payments Initiative launches new A2A payments scheme in ‘defining moment’
The new industry-led scheme will enable consumers to make recurring and automated payments to businesses in the financial services, utility and charity sectors, as well as to government.
Read MoreGoCardless and Jellyfish Energy complete first recurring Pay by Bank transaction
GoCardless has today announced the successful completion of the first recurring Pay by Bank transaction, processed on behalf of Jellyfish Energy, the fast-growing business energy supplier.
Read MoreUK’s new Payments Forward Plan to help firms ‘plan ahead’ amid raft of initiatives
The new plan provides an overview of all the payments-related initiatives being delivered by the government and public authorities.
Read MoreOpen Banking Limited strengthens board with appointment of John Glen MP
Open Banking Limited (OBL) has appointed the Rt Hon John Glen MP to its board as an independent non-executive director.
Read MoreUK Finance proposes commercial model for ‘Wave 2’ cVRP
UK Finance, which was supported by Deloitte, said that ‘Wave 2’ cVRP use cases “could generate a significant volume of payments”.
Read MoreUK Open Banking payments ecosystem: New cVRP scheme is ‘welcome step’
The UK Payments Initiative is being established as a new entity by the end of 2025, while the first payment will follow in Q1 2026.
Read MoreToken.io CPO Charles Damen elected to UK Payments Initiative board
Token.io announced that chief product officer Charles Damen has been elected to the board of the UK Payments Initiative (UKPI), an FCA-backed, industry-led body advancing Variable Recurring Payments and Open Banking adoption in the UK.
Read MoreFCA announces commercial VRP scheme to get underway in 2025
The UK Payments Initiative is formed by 31 firms to enable variable recurring payments and will be set up before the end of this year.
Read MoreTrueLayer COO Rob Kerrigan elected to UK Payments Initiative board
TrueLayer’s chief operating officer Rob Kerrigan has joined the board of the UK Payments Initiative. The UKPI will roll out Variable Recurring Payments to support Pay by Bank adoption, with the first live payments expected early next year.
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