UC007

(Variable) Recurring Payments

Mechanism that enables consumers to authorize third parties to initiate payments of a fixed or variable amount from their bank account on a recurring basis.

Includes: Fixed Recurring Payments; Variable Recurring Payments; Interim Accounts; Top Up, and Part Pay.

More convenience in payments journey and reduce fees for merchants.

Banking

Service Initiation

Consents

• GET /payment-consents/{ConsentId}

• GET /payment-consents/{ConsentId}/refund

• GET /payment-consents

• PATCH /payment-consents/{ConsentId}

Payments

• POST /payments

• GET /payments/{PaymentId}

• GET /payments

UK

Mandatory - implemented

GoCardless, Truelayer, Tink

Brazil

Mandatory - planned

Other locations

N/A