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Category: New Payment Architecture

New Payment Architecture

PSR Consultation on delivery and regulation of the New Payments Architecture

The PSR are consulting on ways to reduce risks to the successful renewal of the UK’s interbank payment systems and proposals to mitigate risks to competition and innovation. Each year, millions of us  collectively make billions of interbank payments worth trillions of pounds. Whether receiving wages or paying bills (via Bacs/Direct Debit), or using a smart phone to send money to a friend (via Faster Payments), interbank payments are essential to […]

New Payment Architecture

Reducing risks to the successful renewal of the UK’s interbank payment systems

The Payment Systems Regulator (PSR) has published a consultation setting out ways to reduce risks to the successful renewal of the UK’s interbank payment systems. Source: Payments Systems Regulator Whether receiving wages or benefits via Bacs, using a smart phone to send money to a friend via Faster Payments or paying bills through Direct Debit, interbank payments are essential to the smooth […]

New Payment Architecture 0

Competition and Innovation in the UK’s New Payment Architecture

There are just ten days left to respond to the Payment Systems Regulator’s (PSR) Call for Input on ‘Competition and Innovation in the UK’s New Payment Architecture’ – the Call for Input closes on the 24 March 2020. The Call for Input can be found at: https://www.psr.org.uk/psr-publications/consultations/new-payments-architecture-call-for-input The PSR state that they have issued the Call for Input to address […]