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Exploring Virtual Request to Pay (VRP) in Payment Systems
The chapter delves into the challenges and potentials of Virtual Request to Pay (VRP) within the realm of Third Party Providers (TPP), highlighting the need for a versatile model to address various VRP use cases. Discussions revolve around the efficiency of traditional direct debit processes, the role of VRP in the future of payment systems, and the complexities associated with payment processing systems in both batch-oriented and real-time settings.