Acquired.com, a next-generation payments business powering recurring commerce, has announced the launch of its proprietary Sweeping Variable Recurring Payments (VRP) solution while also joining a major industry initiative to shape the future of Commercial Variable Recurring Payments (cVRPs) in the UK.
The company’s participation comes in response to the UK government’s 2024 call for partners to support the development and delivery of cVRPs. This initiative, facilitated by Open Banking Limited (OBL), will form a new company aimed at establishing cVRPs as a viable and scalable payment method for high-impact sectors.
Acquired.com provides businesses with tailored, tech-forward payment solutions designed to streamline recurring transactions. Unlike single-method providers, Acquired.com takes a payment-agnostic approach, offering a unified platform that supports a range of recurring payment methods to meet evolving consumer needs.
The company’s newly launched Sweeping VRP solution enables the automatic transfer of funds between a customer’s own bank accounts. Often referred to as “me-to-me” payments, this innovation supports use cases such as savings optimisation, overdraft protection, and debt repayment. It integrates directly with banks’ APIs to boost efficiency, lower costs, and reduce payment failures, all while meeting stringent security standards.
As the only multi-payment method provider involved in both cVRP and Sweeping VRP developments, Acquired.com is uniquely positioned to support recurring commerce with flexible, scalable, and secure payment methods. This dual commitment underscores its strategy to empower both businesses and consumers through automation and financial control.
The initial rollout of cVRPs, referred to as Wave 1, will target key sectors including utilities, rail, regulated financial services, and government agencies. The aim is to bring faster, more secure, and consumer-friendly recurring payment options to these industries.
cVRPs allow users to authorise a series of payments under user-defined rules, combining the benefits of card-on-file, direct debit, and standing orders. This form of payment eliminates the friction of traditional recurring payment methods while enhancing control and transparency for consumers.
Open banking in the UK is gaining momentum, now supporting over 27m transactions per month. Acquired.com’s involvement in both cVRP and Sweeping VRP demonstrates its leadership in shaping the future of open banking-enabled payments.
Acquired.com CEO Greg Cox said, “We are delighted to support OBL’s 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.”
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