Payments UK

109 results about this entity

Period: 09 Mar 2007 - 14 Sep 2017

UK banks gear up for launch of Paym P2P mobile payments service

The person-to-person mobile payments service being prepped by Britain's banks for a launch later this year has been christened Paym.

Payments Council forecasts a bumper Christmas for retailers

The Payments Council is forecasting a bumper Christmas for retailers as it estimates that spending on cards, cash and cheques will reach £82.7bn in December, an increase of 1.2% from 2012 (£81.7bn).

Modest start for UK account switching service

About 89,000 Brits have switched their bank account provider in the four weeks since a new system designed to make the process quicker and easier was introduced.

UK government creates payments watchdog to boost competition

The UK government is setting up a utilities-style payments regulator in a bid to make it easier and cheaper for new entrants to take on the high street banks.

UK bank account switching service arrives but full portability still on cards

A new system designed to make it easier and quicker for Brits to switch their current account from one bank to another launches today but politicians are still pushing for the industry to go further and bring in full account number portability.

Payments in 2022: Cash out, mobile in

Gazing into its crystal ball, the UK's Payments Council predicts that Brits will turn their backs on cash over the next 10 years as plastic cards continue their ascent and mobile money becomes a mainstream player.

UK bank account switching service ready for September launch

A new system designed to make it easier and quicker for Brits to switch their current account from one bank to another will launch next month.

Payments Council to draw up 'Roadmap' for UK payments overhaul

The UK Payments Council is to develop a Payments Roadmap, setting out key strategic short-term and long-term goals for restructuring the nation's payments infrastructure over the next three, five and ten years.

UK banks promise 'hassle-free' account switching from September

The UK banking industry is promising hassle-free account switching services for consumers following a £750 million spend on systems changes and a national advertising campaign.

Cash use in the UK on the rise

Cash use in the UK increased last year, breaking the longer-term trend of falling cash volumes year-on-year seen over most of the last decade.

UK govt preps full, utility-style, payments regulator

The UK government is preparing to bring in a utility-style regulator for retail payment systems, putting an end to the current practice of industry self-policing.

Debit cards usurp cash but mobile will soon rule

The debit card may have usurped cash in the UK over the last decade but it could be supplanted itself within years by the mobile phone, predicts the Payments Council.