29 November 2015
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Latest articles for Payments UK


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

20 January 2015  |  13492 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  |  2048 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.


Payments Council to explore prospects for providing more information with payments

19 December 2014  |  10878 views  |  1 News

The UK's Payments Council has committed to explore options for incorporating richer data sets alongside business and consumer electronic payment transactions.


Six more banks go live with Paym

18 November 2014  |  3077 views  |  0 Company announcement

Customers of Clydesdale Bank, Isle of Man Bank, NatWest, Royal Bank of Scotland, Ulster Bank and Yorkshire Bank can register for Paym from today (Tuesday 18 November), adding to the number of leading UK banks and building societies offering the secure way to pay using just a mobile number.


New UK payments watchdog proposes tough regime

13 November 2014  |  9355 views  |  6 News

The UK's new Payment Systems Regulator (PSR) has set out its plans to regulate the £75 trillion industry via a package of measures intended to promote innovation and competition and provide fairer access to payment systems.


Currenct Account Switch Service reports on first full year of operation

15 October 2014  |  1354 views  |  0 Company announcement

The Payments Council today (15 October) published its latest dashboard for the new Current Account Switch Service, covering the first full 12-month period from the start of October 2013 to the end of September 2014.


More banks join Paym

14 October 2014  |  5312 views  |  0 News

UK bank-backed mobile payment service Paym has confirmed that 20 new institutions have signed up to use the service, with first direct the first into production with a live roll-out.


Visa and MasterCard face scrutiny by new UK watchdog

14 October 2014  |  10310 views  |  0 News

The UK government is planning to put supervision of MasterCard and Visa alongside the country's main interbank payment systems into the hands of a new Payment Systems Regulator (PSR), whose chief remit is to inject more competition into the country's payments industry.


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

11 September 2014  |  4742 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  |  1313 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.

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