Pay.UK

60 results about this entity

Period: 27 Sep 2017 - 01 Aug 2024

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Non-bank PSPs get UK competitive boost

/payments

Non-bank PSPs get UK competitive boost

Non-bank payment service providers (PSPs) can now use client funds to support payments made via the UK's Faster Payments system.

/payments

UK payments schemes consolidated under Pay.UK banner

Pay.UK is the new home for Bacs, Faster Payments, and Cheque and Credit Clearing and, as of today (1 March) it is also the formal home of their people, a skilled team with a wealth of experience across the UK’s complex payments industry.

Pay.UK posts record volumes and values

Automated payments hit an all-time high in 2018 with brand new annual, monthly, and daily records set – one of them, twice.

/payments

Atom Bank joins Bacs

The UK’s first bank built exclusively for tablet and smartphone users has turned to popular payment method Direct Debit to boost its offering – challenger brand Atom bank has joined Pay.UK-owned Bacs Payment Schemes Limited (Bacs), which processes nearly six-and-a-half billion transactions a year worth £4.9 trillion.

Pay.UK rolls out new mule-busting technology

Pay.UK rolls out new mule-busting technology

Pay.UK's Faster Payments team is rolling out new technology from Vocalink that enables banks to track and pinpoint fraudulent payments transactions across multiple, connected 'mule' accounts.

BofE-led ISO 20022 consultation gets industry thumbs up

/payments

BofE-led ISO 20022 consultation gets industry thumbs up

A Bank of England-led consultation on adoption of ISO 20022 has found widespread backing for the introduction of a Common Credit Message (CCM), which aims to harmonise messaging across the UK’s main interbank payment systems.

/payments

Pay.UK names Nathalie Oestmann non-executive director

Pay.UK has today (28 November 2018) announced the appointment of Nathalie Oestmann as a new Non-Executive Director to its Board.

Pay.UK invites interest on 'Enhanced Data' payments project

Pay.UK invites interest on 'Enhanced Data' payments project

Pay.UK is calling for industry input on plans to provide enriched data alongside payments as part of the reboot of the nations financial pumbing.

Bank of England invites applications for payment standards panel

/payments

Bank of England invites applications for payment standards panel

The Bank of England in conjunction with Pay.UK, has issued an open call for interest for members of the payments industry wishing to join a newly created Standards Advisory Panel ahead of the introduction of ISO20022 message standards.

Vendors invited to bid for chance to build the UK's New Payments Architecture

/payments

Vendors invited to bid for chance to build the UK's New Payments Architecture

Pay.UK is searching for a strategic partner to build the clearing and settlement backbone of the country's New Payments Architecture.

UK watchdog preps 'confirmation of payee' service

/payments

UK watchdog preps 'confirmation of payee' service

The UK's top retail payments authority has unveiled details of a new 'confirmation of payee' service designed to cut the risk of money being sent to the wrong accounts.

/payments

NPSO rebranded as Pay.UK

The leading retail payments authority in the UK – formerly known as the New Payment System Operator / NPSO – is pleased to announce it now has a new name and brand: Pay.UK.

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