Payments UK

109 results about this entity

Period: 09 Mar 2007 - 14 Sep 2017

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Debit cards overtake cash for the first time in the UK

Debit cards overtake cash for the first time in the UK

Debit card spending overtook cash transactions for the first time in the UK in the 12 months to October, according to figures released by the Payments Council.

MP challenges Payments Council over abolition of cheques

MP challenges Payments Council over abolition of cheques

A UK Member of Parliament has launched a bid to "save" the cheque, which the Payments Council is planning to ditch in 2018.

Payments Council and Accenture launch authentication evaluation tool for banks

Payments Council and Accenture launch authentication evaluation tool for banks

The UK's Payments Council has teamed with consultancy Accenture to launch a modelling tool designed to help banks and businesses select authentication technologies for securing online customer interaction.

Cash no longer king as Brits turn to debit cards

Cash no longer king as Brits turn to debit cards

Cash has seen its position as king of payments challenged in the UK over the last 10 years by alternatives such as debit and contactless cards and the Internet, says the Payments Council, which predicts the trend will continue, leaving notes and coins all but redundant by 2050.

Payments Council extends online tool to help customers check payment options

Payments Council extends online tool to help customers check payment options

The UK's Payments Council has extended its online tool for helping customers check their payment options to cover Bacs, Chaps, cheques and paper credits.

UK MPs grill Payments Council on abolition of cheques

UK MPs grill Payments Council on abolition of cheques

Plans to abolish cheques in the UK by 2018 have been slammed by a group of MPs hearing evidence from charities on the effect the move could have on older people.

Faster Payments slow so far, but business cases for banks emerging

Faster Payments slow so far, but business cases for banks emerging

VocaLink and PricewaterhouseCoopers have published a detailed research report into the UK Faster Payments Service. The scheme has processed 262 million payments since going live on May 2008 - lower than originally projected by this stage - but by 2018, the targeted end-date for cheques in the UK, the Payments Council estimates that annual volumes could reach as high as 2.51 billion.

Payments Council rebuts OFT criticism on Faster Payments

Payments Council rebuts OFT criticism on Faster Payments

The UK's Payments Council has rebutted criticism from the Office of Fair Trading (OFT) over the slow roll-out of the Faster Payments Service, saying it is "disappointed" with the watchdog's comments.

UK banks set two-year deadline to stop guaranteeing cheques

UK banks set two-year deadline to stop guaranteeing cheques

The UK Payments Council is moving to hasten the demise of paper cheques by setting a two-year deadline for the withdrawal of the Cheque Guarantee Card Scheme.

Office of Fair Trading calls for faster progress in payments system reform

Office of Fair Trading calls for faster progress in payments system reform

The time it takes for electronic bank payments and cheques to clear for consumers has speeded up but further improvements are needed, the UK's Office of Fair Trading says in its first review of the work of the Payments Council.

UK Payments Council plans end of cheques

UK Payments Council plans end of cheques

The UK's Payments Council has delivered its first national payments plan which includes proposals for the "managed decline" of paper-based cheques and the development of a collaborative "bank account to bank account mobile payment service".

UK's Payments Council proposes end to cheques

UK's Payments Council proposes end to cheques

The Payments Council, an independent body established to replace the Office of Fair Trading's Payments Systems Task Force earlier this year, is mulling plans to phase out paper-based cheques in favour of a UK-wide shift to automated and card-based payments.

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