Alongside a progress update from the JROC on the significant progress made in Open Banking, the PSR is consulting on changes to Faster Payments to enable a phased expansion of Variable Recurring Payments (VRP).

This consultation seeks industry views on how they can be rolled out to support the low risk use cases that we are proposing. The consultation is relevant to the payments industry, PSPs and firms operating in the sectors that will be covered by the use cases.

The consultation is open until 5pm on 2nd February 2024.

You can email us at or write to us at the following address:

Account-to-account retail transactions

Payment Systems Regulator

12 Endeavour Square

London E20 1JN

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