Acquired.com Co-Funds New Independent Operator and Launches Game-Changing Solution to Accelerate the Adoption of Variable Recurring Payments Across the UK

  • Banking
  • 02.05.2025 09:45 am

Acquired.com, the next generation payments business powering recurring commerce, today announces its participation as a founding member of a landmark industry initiative to fund the creation of a new independent operator dedicated to advancing Commercial Variable Recurring Payments (cVRPs), coordinated by Open Banking Limited.

Co-funded by Acquired.com alongside 30 prominent organisations including major fintechs, high street banks, challenger banks, and payment providers, this initiative represents a significant step forward in delivering the UK’s National Payments Vision and the evolution of open banking. 

This industry-wide collaboration is in direct response to the UK Government’s call for industry partners to play a role in supporting the effective and timely delivery of cVRPs. The first phase of the initiative will prioritise enabling the adoption of cVRPs in sectors including utilities, rail, government agencies, and regulated financial services. This will allow businesses to streamline operations, reduce costs and enhance consumer trust through robust security and consumer protection frameworks, whilst offering the potential to transform payment experiences across the UK economy.

Greg Cox, CEO at Acquired.com, said:

“We are delighted to support this industry-owned initiative to create a central operator for cVRPs. This collaborative approach will accelerate the adoption of innovative, secure and customer-centric payment solutions across the UK – and in the sectors that need it most. This announcement is the first step in our commitment at Acquired.com to advancing the future of Variable Recurring Payments, as we continue to innovate and expand our VRP offerings.”

In addition, Acquired.com is launching its own proprietary Sweeping VRP solution, designed to empower both consumers and businesses by automating essential financial transactions, reducing payment failures, and enhancing security through strong customer authentication.

This aligns with the company’s mission to deliver innovative, customer-focused payment services that adapt to individual financial circumstances and support recurring commerce. It also further strengthens Acquired.com’s position as a forward-thinking partner for organisations seeking secure, efficient, and future-ready payment solutions. Acquired.com is uniquely positioned as the only multi-payment method provider actively involved in both commercial Variable Recurring Payments and Sweeping VRP solutions.

“VRPs represent the future of payments, as an alternative to traditional automated payment arrangements such as direct debit and are the key to unlocking the potential of open banking. Currently, there is a lack of incentive across the payments industry to leverage open banking, which is limiting consumer choice against a difficult economic backdrop.

The launch of Acquired.com’s proprietary Sweeping VRP solution, alongside our collaboration with other leading financial institutions on cVRPs, will provide the spark needed to deliver this transition, which we’re excited to be at the forefront of”, Cox added. 

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