The news comes after thorough analysis of the UK market which shows that VRP could save businesses in the country up to GBP 1.5 billion in fees, with the proper intervention from policymakers.
Plaid has launched its own VRP product to enable recurring, future money investment between accounts of the same owner using a single authorisation. The feature can be used in place of existing popular options like card-on-file and direct debits to allow businesses to authorise future payments directly from a bank account with one authorisation, having access to instant settlement and a customisable payment experience with minimum fees.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now