02 September 2015

Latest articles for Payments UK

 

Payments UK sets out vision for 'world class' services

28 August 2015  |  6442 views  |  0 News

Trade association Payments UK has vowed to improve access to payments infrastructure and give customers more control over transactions as part of a drive to ensure Britain has a "world class" system.

 

M-payments to hit $1 trillion by 2017; mobile to become main way to pay in UK

19 August 2015  |  12010 views  |  0 News

International Data Corporation (IDC) predicts worldwide mobile payments will account for $1 trillion in value in 2017, up 124% from the less than $500 billion expected in 2015.

 

Payments UK welcomes new members

19 August 2015  |  1628 views  |  0 Company announcement

Payments UK, the payment industry’s new representative body is pleased to announce that Yorkshire Building Society has joined as a new member, with Earthport to follow shortly.

 

First draft standard on ISO 20022 for real-time payments published

10 August 2015  |  10413 views  |  6 News

An international project to develop a set of harmonised standards for cross-border real-time payments has published a first draft of ISO 20022 messages for review.

 

Payments Council morphs into trade association

29 June 2015  |  3757 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  |  2326 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  |  13628 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  |  5802 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  |  5006 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  |  5410 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.

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