the 2015 UK Payment Statistics makes particularly interesting reading given the UK already has a well-established Faster Payments platform alongside other payment systems.
Encompassing Sibos, the past few weeks has been an extremely busy period for the world of payments. Announcements have been plentiful and have ranged across the payments spectrum. Here are a few of the key ones
An area of increasing focus by both Regulators and Banks is in the area of Misdirected Payments and the need for Payee identification. The reason for this focus is that payments both in the UK and elsewhere are routed solely using identifier codes, with no reference to the Beneficiary name being used in the routing of the payment to the destination account
Two key Payments documents have just been published in the UK covering the World Class Payments programme and an Interim Code of Conduct around the Provision of Indirect Access by PSPs.