24 January 2018
visit www.nextgenbanking.co.uk/

UK Payments Council chief Kamellard quits

31 July 2014  |  7075 views  |  0 Adrian Kamellard, Chief Executive of the Payments Council

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.

With a replacement not yet lined up for Kamellard, Payments Council chairman Gerard Lemos will temporarily become executive chairman.

In nearly three years in the job, Kamellard oversaw the successful rollout of two major projects - the current account switch service and mobile payments tool Paym.

However, he was also left to deal with the fallout from an earlier Council decision to abolish cheques. Although a U-turn was made before Kamellard joined the organisation, the bungled process prompted the government to move to rein in the self-governing body.

Ultimately, this led to a decision to create the utilities-style Payment Systems Regulator (PSR), which will become operational next April, necessitating a "refocusing" for the once all-powerful Council.

Speaking to Finextra recently, Kamellard insisted that his organisation still has a vital role to play because "regulators are not there to develop strategy for the industry".

But earlier this month rumours surfaced that the Council could end up merging with the British Bankers' Association.

Whatever its fate, Kamellard will not be a part of it, saying: "As collaboration in the industry enters a new phase, this is the right time for me to stand down in order to ensure the refocused Payments Council continues to deliver for consumers and the industry alike."
KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BBA ponders Payments Council merger - Sky News

BBA ponders Payments Council merger - Sky News

22 July 2014  |  6258 views  |  0 comments | 10 tweets | 8 linkedin
UK payments industry prepares for new watchdog

UK payments industry prepares for new watchdog

16 June 2014  |  10379 views  |  0 comments | 17 tweets | 13 linkedin
UK's Paym P2P mobile payments service set for 29 April launch

UK's Paym P2P mobile payments service set for 29 April launch

02 April 2014  |  18399 views  |  17 comments | 12 tweets | 16 linkedin
Modest start for UK account switching service

Modest start for UK account switching service

22 October 2013  |  3517 views  |  1 comments | 1 tweets | 3 linkedin
Payments in 2022: Cash out, mobile in

Payments in 2022: Cash out, mobile in

19 August 2013  |  16379 views  |  7 comments | 29 tweets | 17 linkedin
UK govt plans Payments Council regulation

UK govt plans Payments Council regulation

11 November 2011  |  8315 views  |  0 comments
Following cheques tussle, MPs bid to rein in Payments Council

Following cheques tussle, MPs bid to rein in Payments Council

24 August 2011  |  13379 views  |  5 comments
MP challenges Payments Council over abolition of cheques

MP challenges Payments Council over abolition of cheques

03 November 2010  |  9289 views  |  0 comments
UK's Payments Council proposes end to cheques

UK's Payments Council proposes end to cheques

26 November 2007  |  10814 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.nextgenbanking.co.ukvisit www.vasco.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
10072 views comments | 38 tweets | 49 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8686 views comments | 17 tweets | 11 linkedin
Could distributed ledgers restore the reputation of the MBS market?Could distributed ledgers restore the repu...
7227 views comments | 6 tweets | 9 linkedin
Blockchain security startup Ledger scoops £56 million funding roundBlockchain security startup Ledger scoops...
7070 views comments | 10 tweets | 11 linkedin
Westpac launches iMessage app following PayKey blockageWestpac launches iMessage app following Pa...
6830 views comments | 9 tweets | 3 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job