24 November 2014

Latest articles for Payments Council

 

Six more banks go live with Paym

18 November 2014  |  2044 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  |  6904 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  |  1085 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  |  3752 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  |  7868 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  |  3730 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  |  1082 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  |  4815 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  |  5600 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  |  7143 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.

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