White Papers

This is a four part series on what’s next to come in Open Banking and currently much talked about: Variable Recurring Payments. As the UK is already in the process of procuring the clearing and settlment layer for instant payments as part of the New Payments Architecture, the NPA (see more below for an explanation of this), now is the time to think twice before extending this procurement to a like for like of the old Direct Debit system. Times change and how businesses collect money and people want to pay their bills has changed too. There’s a chance now to procure a truly fitting, forward looking, real-time and lower cost repeated payment mechanism, and it can be delivered competitively and at lower cost than businesses are paying today.

This is a four part series on what’s next to come in Open Banking: Variable Recurring Payments. It’s the UK’s chance to modernise the decades old direct debit system and make it fit for how people live and work, and want to pay be be paid, today. Amidst a bleak mid-winter comprising multiple sector strikes driven by a cost of living crisis, a confirmed recession, rocket inflation levels and freezing temperatures putting the pressure on turning up the thermostat, dynamic real-time capability to adjust financs and instant payment receipt giving a liquidity boost are a must have for any business.

This is a series on payments in the UK today, and the opportunities that could be realised, starting this year, which would keep the UK at the forefront of FinTech and deliver the enhancements to payments that are possible if banks, regulators, TPPs (see jargon buster below) and payers grasp this once in a generation opportunity.

This is a four part series on what’s next to come in Open Banking and currently being much talked about: Variable Recurring Payments. It’s the UK’s chance to not only overhaul the decades old direct debit system and make it fit for how society works today, but also, has never been more needed as consumers and businesses grapple with high inflation exasperating a cost of living crisis, meaning juggling finances and real time payment receipt is now an impertive.

After twenty years of progressively complex security fixes being applied to card and bank payments, making life more expensive and complex for both businesses and their customers, new open banking payments regulation and technology has allowed innovative regulated payments institutions like Ordo to start again from scratch. They now offer new open banking enabled payments options for businesses that are not only easy to use, but inherently more safe and secure for both the business and their customers.

After twenty years of progressively complex security fixes being applied to card and bank payments, making life more expensive and complex for both businesses and their customers, new open banking payments regulation and technology has allowed innovative regulated payments institutions like Ordo to start again from scratch. They now offer new open banking enabled payments options for businesses that are not only easy to use, but inherently more safe and secure for both the business and their customers.

After twenty years of progressively complex security fixes being applied to card and bank payments, making life more expensive and complex for both businesses and their customers, new open banking payments regulation and technology has allowed innovative regulated payments institutions like Ordo to start again from scratch. They now offer new open banking enabled payments options for businesses that are not only easy to use, but inherently more safe and secure for both the business and their customers.