Comment Direct Debit already does that (Score 1) 86
"Static direct debits, for example, require advance notice of any changes to the amount taken, meaning you have to either cancel the direct debit and set up a new one or carry out a one-off transfer. With Visa A2A, consumers will be able to set up variable recurring payments (VRP), a new type of payment that allows people to make and manage recurring payments of varying amounts."
Direct debits already work flexibly. My phone and credit card bills are paid by direct debit . They have a different amount each month and have both been set up for years, not having to cancel and set it up again.
I'm failing to see what difference this makes other than Visa getting a cut as well as the banks.