Variable Recurring Payments are the latest innovation in open banking, aiming to mitigate risk and provide consumers with more control over their recurring payments by offering a safer and faster alternative to traditional card-on-file transactions. With Variable Recurring Payments (VRP), consumers can choose the parameters of their payments, ensuring they don't receive unexpected large payments, reducing the risk of fraud. This new functionality allows merchants to offer consumers more choices at checkout, ultimately benefiting both parties in open banking. The introduction of VRP is expected to fuel open banking adoption and provide a magical experience for consumers and merchants alike by turning mundane recurring payments into empowering ones.