Continuous payment authority is the problem commercial VRP solves
Short-term lending has leaned on continuous payment authority, which the customer cannot easily see or stop. Commercial VRP does the same collection within limits the customer sets and can revoke, which is both better practice and better collection.
Collection that the customer cannot control
Continuous payment authority on a card let lenders retry collection repeatedly, with the customer having little visibility and little control. It collected, but it collected in a way that regulators and customers have come to view poorly.
The underlying need is real: short-term balances must be collected promptly, and a single missed date can be the difference between a performing and a defaulting loan.
What is missing is control and transparency, a way for the customer to see the arrangement, set its limits, and stop it, without losing the lender's ability to collect what is due.
The payment mix that fits
Not one rail. The two to four that match how money actually moves here.
Collect within a limit the customer sets and can revoke, replacing opaque continuous payment authority with a transparent consent.
Take a repayment or catch-up over a bank link, with the customer approving each one.
Collect fixed repayments on a mandate where that suits the loan.
Your flow of funds, orchestrated
At the point of agreement the customer authorises a commercial VRP consent with clear limits they can see and revoke, replacing a continuous payment authority they could not. Collections run within those limits; a customer who is short clears a smaller amount rather than being retried into fees. Catch-ups come in over Pay by Bank. Every collection posts to one ledger with the consent terms visible.
Every book moves money differently. We map your flow of funds and quote one integration across the rails that fit.
Related
Payments for short-term and payday credit: FAQs
The customer sets the limits and can revoke the consent, and the arrangement is visible in their banking app. It keeps collection working while giving the customer the control and transparency a card CPA did not.
No. You still collect what is due within the agreed limits, and settlement is instant. It changes how the customer experiences and controls the collection, not whether you can collect.
Yes, where a fixed repayment suits the loan. Orchestration lets you mix rails per customer.
Tell us how you get paid
Send us the mix of payments you take and make, and we will quote one integration across the rails that fit, priced on your volume.