Payments UK

109 results about this entity

Period: 09 Mar 2007 - 14 Sep 2017

UK bank switch used by over one million customers in first year

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.

UK banks introduces 'retry' system to tackle bounced payment fees

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

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

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.

UK Payments Council chief Kamellard quits

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.

BBA ponders Payments Council merger - Sky News

The British Bankers' Association (BBA) is investigating a merger with the Payments Council and the UK Card Association, according to Sky News.

600,000 Brits switch bank account providers in H1

Around 593,000 Brits switched their bank account provider in the first six months of 2014, a 16% year-on-year increase, suggesting many are taking advantage of a new system designed to make the process quicker and easier.

Downloaded Paym yet? Adrian would like a word.

Adrian Kamellard, Chief Executive, Payments Council talks about how collaboration can aid innovation and the current take up of Paym.

UK payments industry prepares for new watchdog

The UK will get a new payments regulator next year, while the industry is busy working on its own 'roadmap'. Finextra spoke to key players from both sides about how they will work with each other.

Half of UK payments still in cash

Cash usage may be on the slide but notes and coins are still the UK's most commonly used buying tool, accounting for more than half of all payments last year, according to new figures.

Security worries could hamper take-up of Paym P2P m-payments

Nearly half of Brits have no intention of using the bank-backed Paym person-to-person mobile payments service, which launches tomorrow, according to a survey from Consumer Intelligence.

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

Person-to-person mobile payments service Paym will be rolled out by Britain's banks at the end of this month.