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 ...

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 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 ...

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 ...