Last month the UK government gave the country’s major banks six months to enable Variable Recurring Payments (VRPs). VRPs will significantly improve the experience of making regular payments for both consumers and businesses.

Variable Recurring Payments are a new concept in finance, introduced in December 2020 by the UK’s Open…

How new payment methods can drive success for on-demand services

The urban mobility sector is blossoming across the world, from London and New York to Shanghai and Sydney. Businesses including e-scooter rental and on-demand grocery delivery services are gaining traction — particularly amongst younger consumers — and competition for their custom is fierce.

Pricing, delivery speed and easy-to-use apps all…

The benefits of letting investors pay via Open Banking

Moving investors towards bank-based payments has several key benefits for crowdfunding investors. This article highlights the difference between ‘Open Banking’ payments and legacy payment methods.

Open Banking has already proven its value for organisations with similar needs to crowdfunding.

A look at how Open Banking is transforming fintech in the EU & UK

This topic contains a lot of acronyms. We’ve taken care to define these the first time they’re used.

Open Banking is based on the idea that open, consensual access to consumers’ bank account data benefits them and supports competition in the market. Traditionally, banks have been data silos lacking an…

PSD2’s payments infrastructure & the advantages of account-to-account (A2A) transactions

Open Banking remakes payments in favour of merchants and their customers. The EU’s PSD2 legislation came into effect in 2018, designed to boost competition in financial services and modernise payments infrastructure. This involves a new kind of payments company, able to provide A2A (account-to-account) transactions throughout Europe.

Payment Information Service…

How does Citizen leverage Open Banking to modernise payments?

Relying on card payments is expensive. Alternative Payment Methods (APMs) like PayPal or Apple Pay typically carry similar fees.

Payment methods using modern infrastructure can be more cost-effective, thanks to laws reshaping the European payments ecosystem.

This article compares cardless payments via Citizen to conventional card payments.

What does Citizen’s cardless payment flow look like?

And this is…

A history of the payments industry, from sci-fi to the internet

Wheat, gold, plastic, data. Throughout history the way we pay has become more portable and more convenient. The digital transformation has driven changes in payments as it has every other aspect of our lives.

Credit cards were developed in a process spanning 100 years, accompanying the emergence of payments as…


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