The payments landscape in the U.K. is undergoing a remarkable transformation driven by regulatory pressure and growing consumer expectations. The industry is moving to a new architecture, a new scheme operator, new access models and new participants.
The Faster Payments New Access Model already offers new options for accessing real-time payments and The Blueprint for the Future of UK Payments maps out the road ahead.
Understand the changes that are coming and explore what they mean for your organisation.
With so much change on the horizon, this makes now the ideal time for agency banks, new entrants, building societies and sponsors to assess the way they deliver payment services. In this article, an expert panel discusses the changes that the Faster Payments New Access Model and the New Payments Architecture are introducing and what they mean for both payment providers and users.
Bruce Jennings, strategic development director at FIS, discusses the drivers behind the transformation of the U.K. payments industry and what the implications are for payment providers.Watch Video
Learn more about FIS’ Payments as a Service, A managed service for Bacs, CHAPs, Faster Payments and SCT Inst, with Open API, AML screening, and reconciliation and settlement options.