Advisors sought for UK payments overhaul

Advisors sought for UK payments overhaul

The UK's New Payment System Operator (NPSO) is inviting industry players to apply to join a host of new specialist advisory groups that will help it shape the development of the country's retail payments infrastructure.

The first batch of groups will be for New Payment Architecture (NPA) participants, procurement, legal, the new Request to Pay service, and transactional data analytics. Technical, enhanced data, security and resilience groups will follow.

The groups will offer their takes on issues such as the interaction between clearing and settlement layer and existing and new overlay services; rules and standards; implementation, transition planning and migration from existing infrastructure.

Paul Horlock, chief executive, NPSO, says: "The NPA will be the biggest change to the way payments are processed in the UK since the 1960s - we look forward to broadening the discussion across this multi-faceted programme to ensure it delivers the widest range of benefits possible."

Interested parties have until 5 October to nominate reps with relevant subject matter knowledge, skills and experience for the first set of groups.

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