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Variable Recurring Payments (VRP) is viewed as either one of the most important innovations in UK payments in the last 20 years, the end of Open Banking, or not much use for anything outside sweeping payments from one internal account to another.
In this webinar, we look at which of the three it is most likely to be, what that means to the industry, businesses and consumers.
We look at the industry and external factors that shape the development and adoption of VRP and look ahead to how you can make sure that your business and your customers are best placed to benefit from VRP.
We will look at the Payment Systems Regulator’s recently issued report into the Digital Payments Initiative and the impact that this might have on the adoption and spread of services like Variable Recurring Payments as well as its wider recommendations.
You will come away from the webinar with a better understanding of the purpose of VRPs, having gained insight into the issue and challenges around their deployment and understanding the potential impact of the latest report from the new Open Banking regulatory body, the PSR.
Principal Adviser, UK Finance
Phillip is currently employed as Principal Adviser to UK Finance, the trade body for the financial services industry, with a portfolio including payme...
Phillip is currently employed as Principal Adviser to UK Finance, the trade body for the financial services industry, with a portfolio including payments policy and open banking.
Before that, Phillip worked at the Local Government Association leading on local government finance and public service reform. And at HM Treasury in a variety of policy roles, including leading policy reviews (the Independent Commission on Local Government Finance and Russell Commission on Youth Volunteering) and as the Budget Project Manager.
On secondment from the Treasury, he was CEO of the Giving Campaign, a national partnership between government and the voluntary sector to encourage charitable giving.
Phillip has a degree in Economics from the London School of Economics and a Master's degree from Loughborough University.
Craig Tillotson is co-founder and CEO of Ordo, a FinTech that has recently launched one of the UK's first competitive Request for Payment services. Pr...
Craig Tillotson is co-founder and CEO of Ordo, a FinTech that has recently launched one of the UK's first competitive Request for Payment services. Prior to founding Ordo, for six years Craig was the Chief Executive of the Faster Payments Scheme, leading the development of the Faster Payments new access model which more than doubled direct access to the payment system including the global first of providing direct access to central bank money for non-bank PSPs. Craig is also a member of the Communications Consumer Panel and Ofcom's Advisory Committee on the Old and Disabled.
Craig started his career as a strategy consultant with McKinsey and Company before taking on senior leadership positions with T-Mobile and then Vodafone where he was UK Strategy and Wholesale Director and a member of the UK board. Craig was educated at Cambridge University where he received a degree in Computer Science.
Philip is responsible for leading payment and revenue management programs for CGI in the UK. He has more than 15 years of experience at the senior lev...
Philip is responsible for leading payment and revenue management programs for CGI in the UK. He has more than 15 years of experience at the senior level in the areas of payments, cards and collections—from a bank, software provider and payment scheme perspective.
Empowering banks in a digital-first world
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the worl...
Empowering banks in a digital-first world
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 80,000 consultants and other professionals across the globe, we deliver an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions.
Ordo is an FCA regulated request for payment service, and is making getting paid easy. We want to help everyone, businesses and consumers, be in contr...
Ordo is an FCA regulated request for payment service, and is making getting paid easy. We want to help everyone, businesses and consumers, be in control of their finances and have the flexibility they need to give them peace of mind over their billing and payments. Whether it's tracking who's paid and who hasn't, keeping payment costs down, instant transfers or making it easy for your customer to pay, Ordo is the Open Banking solution that is going to make the difference for people. Go to myordo.com to find out more and try the service. Ordo - getting paid, made easy.
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