BRC Response to Open Banking VRP consultation
The Joint Regulatory Oversight Committee (JROC) published a consultation on their plans to expand variable recurring payments (VRPs).
At the moment, the pilot does not include retail use cases, but we felt important to show our support for the development of Open Banking payments and take the opportunity to highlight some concerns and asks from the retail industry.
Read the final response we submitted to the consultation here.
If you have any questions or would like to discuss further please contact Hannah.