Posts Tagged ‘VRP’
Ozone API powers iFAST Global Bank’s digital growth with Open Banking v4.0 standard
Ozone API said its strategic partnership with the UK-licensed digital bank ensures that iFAST Global Bank maintains seamless PSD2 compliance and future-proofs its multi-currency current account proposition.
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 MoreFeature: What’s in store for the UK and European ecosystem in 2026?
The ecosystem looks ahead to 2026, with predictions from Open Banking Limited, Raidiam, GoCardless, Paylume and others on Open Banking, market consolidation, VRP, Smart Data and fraud prevention.
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.
Read MoreBarclays’ Jason Turner: Ecosystem work on VRPs is “blueprint” for Open Banking 2.0
Jason Turner, director, Open Banking and digital platforms at Barclays, was speaking on a panel titled ‘Open Banking 2.0: Rewiring the model for real-world scale’ at Open Banking Expo UK & Europe 2025.
Read MoreToken.io: Pay by Bank has moved past the ‘hype’ to go ‘mainstream’
Account-to-account (A2A) payments have moved from “early market hype” to become a mainstream payment method in the UK and Europe, Todd Clyde, chief executive officer of Token.io.
Read MoreKlarna partners with Germany’s Sparkasse Finanzgruppe to introduce VRPs
Klarna is partnering with the German Sparkassen-Finanzgruppe to launch Variable Recurring Payments (VRP), enabling users to make flexible, secure recurring payments directly from their bank accounts.
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