Doug: Add quote.

2024-01-20T15:17:43Z

Add quote.

← Older revision		Revision as of 15:17, 20 January 2024
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	(VRP).		(VRP).

	A variable recurring ~~payments~~ is a payment instruction designed to enable financial services customers safely connect authorised payments providers to their bank account to make payments on their behalf in line with agreed limits.		A variable recurring payment is a payment instruction designed to enable financial services customers safely connect authorised payments providers to their bank account to make payments on their behalf in line with agreed limits.

	The limits may relate to maximum amounts of payments, an end date for the authorisation, or both.		The limits may relate to maximum amounts of payments, an end date for the authorisation, or both.

	''(Source - Recommendations for the next phase of open banking in the UK - Joint Regulatory Oversight Committee - April 2023.)''		''(Source - Recommendations for the next phase of open banking in the UK - Joint Regulatory Oversight Committee - April 2023.)''


			"Variable recurring payments offer a range of benefits over Direct Direct and card CPA to both the small business making payments and the small business receiving payments [including better transparency, security and flexibility]."

			''Variable Recurring Payments. What are they and how can they help SMEs? - Open Banking - December 2021.''


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	*[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1150988/JROC_report_recommendations_and_actions_paper_April_2023.pdf Recommendations for the next phase of open banking in the UK - Joint Regulatory Oversight Committee - April 2023]		*[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1150988/JROC_report_recommendations_and_actions_paper_April_2023.pdf Recommendations for the next phase of open banking in the UK - Joint Regulatory Oversight Committee - April 2023]
	*[https://www.gov.uk/government/publications/joint-statement-by-hm-treasury-the-cma-the-fca-and-the-psr-on-the-future-of-open-banking/joint-statement-by-hm-treasury-the-cma-the-fca-and-the-psr-on-the-future-of-open-banking Joint statement by HM Treasury, the CMA, the FCA and the PSR on the future of Open Banking - Published March 2022]		*[https://www.gov.uk/government/publications/joint-statement-by-hm-treasury-the-cma-the-fca-and-the-psr-on-the-future-of-open-banking/joint-statement-by-hm-treasury-the-cma-the-fca-and-the-psr-on-the-future-of-open-banking Joint statement by HM Treasury, the CMA, the FCA and the PSR on the future of Open Banking - Published March 2022]
			*[https://www.openbanking.org.uk/insights/variable-recurring-payments-what-are-they-and-how-can-they-help-smes/ Variable Recurring Payments. What are they and how can they help SMEs? - Open Banking - December 2021]
	*[https://www.treasurers.org/hub/treasurer-magazine/why-open-banking-will-be-better-corporate-treasurers Why Open Banking will be better for corporate treasurers, Web exclusive, 2019]		*[https://www.treasurers.org/hub/treasurer-magazine/why-open-banking-will-be-better-corporate-treasurers Why Open Banking will be better for corporate treasurers, Web exclusive, 2019]

Doug: Create page - source - Open Banking UK - https://www.openbanking.org.uk/insights/variable-recurring-payments-what-are-they-and-how-can-they-help-smes/

2024-01-20T15:02:34Z

Create page - source - Open Banking UK - https://www.openbanking.org.uk/insights/variable-recurring-payments-what-are-they-and-how-can-they-help-smes/

New page

''Banking competition - open banking - payments''.

(VRP).

A variable recurring payments is a payment instruction designed to enable financial services customers safely connect authorised payments providers to their bank account to make payments on their behalf in line with agreed limits.

The limits may relate to maximum amounts of payments, an end date for the authorisation, or both.

''(Source - Recommendations for the next phase of open banking in the UK - Joint Regulatory Oversight Committee - April 2023.)''

== See also ==
*[[Application programming interface]] (API)
*[[Blockchain]]
*[[Competition & Markets Authority]] (CMA)
* [[Continuous payment authority]] (CPA)
* [[Data]]
* [[Database]]
*[[Direct debit]]
*[[Disruptor]]
*[[Financial Conduct Authority]] (FCA)
*[[Fintech]]
*[[HM Treasury]] (HMT)
* [[Joint Regulatory Oversight Committee]] (JROC)
*[[Open banking ]]
*[[Open Banking ]]
*[[Open banking APIs]]
*[[Open Banking Implementation Entity]] (OBIE)
*[[Open finance]]
*[[Payment Systems Regulator]] (PSR)
*[[PSD2]]
*[[Regtech]]

==Other resources==
*[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1150988/JROC_report_recommendations_and_actions_paper_April_2023.pdf Recommendations for the next phase of open banking in the UK - Joint Regulatory Oversight Committee - April 2023]
*[https://www.gov.uk/government/publications/joint-statement-by-hm-treasury-the-cma-the-fca-and-the-psr-on-the-future-of-open-banking/joint-statement-by-hm-treasury-the-cma-the-fca-and-the-psr-on-the-future-of-open-banking Joint statement by HM Treasury, the CMA, the FCA and the PSR on the future of Open Banking - Published March 2022]
*[https://www.treasurers.org/hub/treasurer-magazine/why-open-banking-will-be-better-corporate-treasurers Why Open Banking will be better for corporate treasurers, Web exclusive, 2019]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]

Variable recurring payment - Revision history

Doug: Add quote.

Doug: Create page - source - Open Banking UK - https://www.openbanking.org.uk/insights/variable-recurring-payments-what-are-they-and-how-can-they-help-smes/