01 August 2015

Latest articles for Payments UK


Payments Council morphs into trade association

29 June 2015  |  3544 views  |  0 News

With its powers ceded to the new Payments Systems Regulator, the once all-powerful Payments Council has changed its remit to form a new trade association which will seek to provide a singular voice for the UK payments industry at home and overseas.


Payments Council publishes ISO 20022 factsheet for real-time payments

17 June 2015  |  2152 views  |  0 Company announcement

A ground-breaking agreement on international cooperation towards ISO 20022 has been reached following a roundtable facilitated by the Payments Council.


Cash overtaken by non-cash payments in the UK

21 May 2015  |  12819 views  |  6 News

For the first time, last year more payments in the UK were made electronically than with cash, according to figures from the Payments Council.


Paym celebrates first anniversary

29 April 2015  |  5519 views  |  3 News

A year after launch, British bank-backed person-to-person mobile payments service Paym says that it has processed nearly £44 million.


Swift bags BIC-to-IBAN data mandate for UK banks

10 February 2015  |  4905 views  |  0 News

The UK Payments Council has contracted with interbank messaging network Swift to provide a BIC-to-IBAN data platform, enabling the nation's banks to conform to new EU regulations on cross-border payments in the euro zone.


Paym signs up 1.8 million consumers; £26 million transferred

02 February 2015  |  5292 views  |  2 News

Up to 1.8 million UK consumers have so far signed up for UK bank-backed mobile payments service Paym, which has processed £26 million in funds transfers since its launch in April last year.


Vulnerable consumers unaware on how to safely manage finances - Payments Council study

28 January 2015  |  1457 views  |  0 Company announcement

Research from the Payments Council reveals that though we have strong views on handing over control to someone else to buy our clothes, look after our pet, clean our house and make our tea, we are not giving the same consideration to how we manage our finances when external factors like poor health strikes.


More than 1 million Brits switched bank account in 2014

22 January 2015  |  2082 views  |  0 Company announcement

The Payments Council today (22 January) published its latest dashboard for the Current Account Switch Service, covering the whole of 2014.


Regulate bitcoin, but leave the blockchain alone say banking trade bodies

20 January 2015  |  12472 views  |  7 News

The British Bankers Association and the Payments Council have called for the Government to take a 'light touch' to regulation of the underlying bitcoin blockchain technology, which they say has the potential to fundamentally change the way financial assets are transferred.


Smart Card Alliance announces new leadership for 2015

13 January 2015  |  1887 views  |  0 Company announcement

The Smart Card Alliance Payments, Mobile and NFC, and Transportation Councils made significant headway in 2014, educating the industry on the security benefits of smart card technology for a wide variety of payment applications and use cases.

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