Acquired.com Backs New VRP Solution in the UK

Acquired.com, the next-generation payments business powering recurring commerce, has announced its role as a founding member of a major industry initiative to fund a new independent operator focused on advancing Commercial Variable Recurring Payments (cVRPs), coordinated by Open Banking Limited.

Co-funded by Acquired.com and 30 leading organisations — including major fintechs, high street and challenger banks, and payment providers — the initiative aligns with the UK Government’s call to accelerate cVRP adoption and support the National Payments Vision. Initial efforts will focus on enabling cVRPs across key sectors such as utilities, rail, government, and financial services.

Greg Cox, CEO of Acquired.com, commented:
“We’re proud to support this collaborative initiative to create a central operator for cVRPs. It’s a vital step in bringing secure, customer-centric payment solutions to the UK economy. This marks the beginning of our broader commitment to driving innovation in VRPs.”

In tandem with this announcement, Acquired.com is launching its own proprietary Sweeping VRP solution, designed to automate essential financial transfers, reduce payment failures, and improve security with strong customer authentication.

This launch reinforces Acquired.com’s position as the only multi-payment method provider actively involved in both commercial and sweeping VRP development, furthering its mission to deliver flexible, secure, and future-ready payment solutions.

Cox added: “VRPs are the future of payments, offering a dynamic alternative to direct debit. Our dual approach — with both sweeping and commercial VRP solutions — will help unlock the full potential of open banking for consumers and businesses alike.”