Central Banking

UK payments regulator approves of code of conduct

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New forms of payments are on the rise

The UK's Payment Systems Regulator (PSR) has welcomed work by the UK's four largest banks to develop a code of conduct for the provision of indirect access to payment systems.

An interim code, published on September 1 by Payments UK, an industry body, aims to improve the clarity and standard of indirect payment services provided by Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland. Together the four comprise the bulk of indirect payments access in the UK.

"We welcome the code of co

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