Providing payments advisory services to Payment Service Providers, Payment System Operators, Central Banks, financial institutions, trade bodies, infrastructure providers and corporates.

After over a decade as the Chief Executive Officer of the UK’s biggest retail payment system and bank account switching service Mike has embarked on a portfolio career.

Mike’s portfolio includes chair of a Fintech company, payments advisory engagements, Non Executive Director at a financial institution specialising in the custody and settlement of digital assets and Ambassador for the Emerging Payments Association.

Mike also publishes a newsletter which provides an independent and informed insight into the UK’s retail payments landscape, including exclusive payment insights, hot topic briefings and fundamentals unpacked

Short Bio: Mike Chambers

Mike is a recognised authority on automated payments and, as Chief Executive Officer, led Bacs Payment Schemes Limited (Bacs), the UK’s biggest retail payment system, from 2004 until 2018. 


During this time he successfully steered the company through a record number of payment processing, technological, regulatory and innovative customer proposition ‘firsts’. 


Under Mike’s direction, Bacs extended its product offering to include the ownership, management and market adoption of the Current Account Switch Service (CASS) and the Cash ISA Transfer Service. 


During his time at Bacs, Mike also led the UK’s systemically important RTGS payment system (CHAPS) as its CEO and operated the UK’s Faster Payment Scheme as its first Chief Executive creating the Payment System Operator (Faster Payment Scheme Limited). 


Mike was an integral part of the industry initiative which led to the New Payments Architecture (NPA) vision (including concepts such as Request To Pay and Conformation of Payee), the regulatory endorsed merger of the UK’s retail payment schemes and the formation of the New Payment System Operator (NPSO). 


Having successfully merged Bacs into the New Payment System Operator – now Pay.UK. Mike exited the business and is now pursuing a portfolio career. Mike’s portfolio includes chair of a Fintech company, payments advisory engagements, Non Executive Director and Ambassador.

Mike publishes a newsletter which provides an independent and informed insight into the UK’s retail payments landscape, including exclusive payment insights, hot topic briefings and fundamentals unpacked. 

On this website Mike also publishes a series of payment related trackers and occasional podcasts.

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