Tagged: sweeping

UK Fintech TrueLayer Introduces New Payment Options with VRP API for Sweeping, Non-Sweeping

April 27, 2022 @ 9:38 am By Omar Faridi |

TrueLayer, which claims to be Europe’s leading Open Banking platform, has reinforced its reputation as an “industry innovator,” with the availability of its unique Variable Recurring Payments (VRP) API for sweeping and non-sweeping, “changing the way customers make and manage ecommerce payments, subscriptions, utility bills… Read More

Read more in: Fintech, General News, Global | Tagged apis, digital financial services, digital payments, digital transactions, europe, matt parish, open banking, payments, recurring payments, sweeping, truelayer, uk, united kingdom, variable recurring payments

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

March 15, 2022 @ 9:24 am By Omar Faridi |

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

Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged banking, charlotte crosswell, cma, competition and markets authority, europe, jack wilson, maria palmieri, obie, open banking, payments, sweeping, truelayer, uk, united kingdom, variable recurring payments, vrps, yapily