Tagged: maria palmieri

Yapily Adds Variable Recurring Payments Feature

Open banking provider Yapily now offers Yapily Variable Recurring Payments (VRP), the ability for users to enable scheduled payments that are not consistent amounts. Yapily is joining other open banking firms in providing the service. VRP is a service that is mandated by the UK… Read More

Yapily Says Open Banking is Soaring

Yapily, a UK-based open banking provider, says the technology is soaring across the UK and Europe. The company has posted a document highlighting open banking progress across 18 different European markets. In its ranking, the UK has the top spot with Germany moving up to… Read More

OBIE Says Open Banking is Delivering Benefits to Small Businesses

Last week, the OBIE (Open Banking Implementation Entity) published an Impact Report that indicates open banking is delivering significant benefits to small business. The OBIE report pointed to cloud accounting services stating that 75% of users started using the service no more than three years ago,… Read More

UK: 6 Million Users for Open Banking

Recently the Open Banking Implementation Entity (OBIE) reported that there were a record number of API calls in May of over 1 billion along with 6 million users and 5 million open banking payments. The OBIE noted that 64% of UK consumers claim their level… Read More

UK’s Competition and Markets Authority Offers Clarification on Definition of VRPs for Sweeping

The United Kingdom’s Competition and Markets Authority has clarified what may and may not be used for when it is introduced later in 2022. The CMA mandated the use of Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping – which is described as… Read More

Send this to a friend