06 October 2015

Latest articles for Payments UK


UK bank switch used by over one million customers in first year

11 September 2014  |  4673 views  |  1 News

Over one million people have used the UK's Current Account Switch Service to move banks since the scheme was introduced less than a year ago, heralding a new era for competition in the banking industry declares the Payments Council.


Chaps slashes costs for low volume participants

26 August 2014  |  1277 views  |  0 Company announcement

Chaps Co, the UK's same day high-value payment system, is pleased to announce today an update to its funding model. In 2015, Chaps will make participation in the scheme even more cost effective by charging low volume Participants 50% less.


UK banks introduces 'retry' system to tackle bounced payment fees

19 August 2014  |  5499 views  |  0 News

The UK banking industry has introduced a 'retry' process that will give customers a second chance to avoid bounced payments and their associated charges.


Payments Council names Barclays veteran Maurice Cleaves interim CEO

15 August 2014  |  7490 views  |  0 News

The UK Payments Council has brought in Barclays veteran Maurice Cleaves as interim CEO to guide the body as it prepares for a change of direction ahead of the introduction of a new payments regulator.


Paym sees over one million users and £6.5 million spend in first 100 days

06 August 2014  |  9045 views  |  6 News

More than one million people have registered with their bank or building society for Paym, the UK bank-backed mobile number payment service that was launched in late April.


UK Payments Council chief Kamellard quits

31 July 2014  |  5577 views  |  0 News

The UK Payments Council's chief executive, Adrian Kamellard, is quitting the bank-run organisation as it prepares to "refocus" ahead of the introduction of a new payments regulator.


BBA ponders Payments Council merger - Sky News

22 July 2014  |  4995 views  |  0 News

The British Bankers' Association (BBA) is investigating a merger with the Payments Council and the UK Card Association, according to Sky News.


Faster Payments adds Tanya Castell as independent director

21 July 2014  |  1166 views  |  0 Company announcement

Faster Payments, the UK's immediate internet, phone and mobile banking payment service, has appointed Tanya Castell as the scheme's third Independent Director, as part of a range of improvements that further strengthen governance.


Investec, Metro Bank and TSB join the Payments Council

18 July 2014  |  2496 views  |  0 Company announcement

The Payments Council has today announced that three new members have joined, with immediate effect. Investec, Metro Bank and TSB have joined the Payments Council as full members, bringing membership to an all-time high of 36, with a further 27 associate members.


600,000 Brits switch bank account providers in H1

16 July 2014  |  4682 views  |  0 News

Around 593,000 Brits switched their bank account provider in the first six months of 2014, a 16% year-on-year increase, suggesting many are taking advantage of a new system designed to make the process quicker and easier.

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