Payments UK

109 results about this entity

Period: 09 Mar 2007 - 14 Sep 2017

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Payments Council publishes ISO 20022 factsheet for real-time payments

A ground-breaking agreement on international cooperation towards ISO 20022 has been reached following a roundtable facilitated by the Payments Council.

Cash overtaken by non-cash payments in the UK

Cash overtaken by non-cash payments in the UK

For the first time, last year more payments in the UK were made electronically than with cash, according to figures from the Payments Council.

Paym celebrates first anniversary

Paym celebrates first anniversary

A year after launch, British bank-backed person-to-person mobile payments service Paym says that it has processed nearly £44 million.

Swift bags BIC-to-IBAN data mandate for UK banks

Swift bags BIC-to-IBAN data mandate for UK banks

The UK Payments Council has contracted with interbank messaging network Swift to provide a BIC-to-IBAN data platform, enabling the nation's banks to conform to new EU regulations on cross-border payments in the euro zone.

Paym signs up 1.8 million consumers; £26 million transferred

Paym signs up 1.8 million consumers; £26 million transferred

Up to 1.8 million UK consumers have so far signed up for UK bank-backed mobile payments service Paym, which has processed £26 million in funds transfers since its launch in April last year.

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

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

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.

Payments Council to explore prospects for providing more information with payments

Payments Council to explore prospects for providing more information with payments

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

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

New UK payments watchdog proposes tough regime

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

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

More banks join Paym

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

Visa and MasterCard face scrutiny by new UK watchdog

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.

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