UK Payments Council to Develop Standards for Faster Payments
The Payments Council has launched its revised National Payments Plan. The new plan has been shaped by public consultation, which invited stakeholders to share their views on what the council’s future plans should cover.
A number of key actions have been identified, which will bolster the Payments Council’s goal to help consumers and businesses by delivering innovation, enhancing inclusion and ensuring integrity in the way we pay:
These actions complement the Payments Council’s other key projects which include making account switching faster and simpler for customers and its plans to develop a new service for customers that will enable them to make bank to bank transfers quickly and easily using their mobile phone.
Gary Hocking, acting chief executive officer (CEO) of the Payments Council, said: “Our new National Payments Plan has been shaped by everyone who uses payments and reflects the views of our stakeholders. This is critical in such a fast-moving payments landscape. Our goal over the next few years is to deliver these commitments successfully so that people have access to a wide choice of payments that are suited to their needs and that they feel comfortable using them. It is important that our strategy remains current and relevant for all types of customers, so our next update is scheduled for 2014.”