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In January I wrote that the PSR was one of the things to watch in this year, and I’ve been surprised by the amount of pace they have made in such a short time through their excellent forum.
There has been a round of workshops throughout January and I was privileged to chair a sub-group that looked at the access processes used by industry participants when looking to use the core schemes of the payments industry.
All the working groups reported to the PSR Forum which has been set up to allow debate about the core concerns both providers and users of payments services have today. The reports can be found here:
The workshops I attended were lively affairs with a good exchange of views from industry as well as regulators and financial institutions. The main ideas I drew (personal and in no way official) from the discussions were:
The next round of discussions is being held now and the
Forum web site will continue to publish papers and reports if you’re interested.
My own (personal) take on the possible solutions for accessing markets is:
It’s not too late to get involved, contact the
Forum to make your views known.
Also of note for reading as background material, read the following publications:
The Payments Business
17 Dec 2001
This post is from a series of posts in the group:
A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.