The potential for VRP to change the face of consumer payments as we know it, is real. The Open Banking Implementation Entity (OBIE) completed its consultation phase on VRP and Sweeping three years ago. Since then there’s been quite a lot happening, and things are starting to get exciting.
In this guide we get to the heart of what exactly VRP is – and how it’s different to the recurring payments already in use – as well as hearing from Tink’s Andrew Boyajian, one of the leading industry voices on this topic.
More specifically, you will learn about:
How VRPs work (and where they’ve come from)
The difference between sweeping VRP and commercial VRP
The issues faced by consumers and how merchants can solve for them
Commercial VRP vs. direct debits
Use cases, including smart meter billing
The future and industry development
Tink has launched Risk Signals, a rules-based engine that unlocks instant payment experiences while minimising risk – and already in use by Tink customers like Adyen.
In this webinar our Tink team of Jaia Lloyd, Varun Atrey and Kevin Ward discuss how Pay by Bank (account to account payments) can vastly improve your user journey and demo how it works.
Tink's new lending white paper – with fresh research from the UK, France, and Germany – details how to elevate affordability assessments with enriched data, and why it’s more important than ever.
Contact our team to learn more about what we can help you build – or create an account to get started right away.