Central Banking

UK regulator seeks ways to ‘open up’ payments data

Electronic payments

The UK’s Payment Systems Regulator (PSR) says it will explore ways to “open up” payments data in a bid to support innovative new services, while pushing the industry to do more on data management and protection.

Having weighed up responses to a recent discussion paper, the PSR said it saw scope for a project to open access to data, under the aegis of the “new payments architecture” (NPA).

The NPA is a project to overhaul the infrastructure behind the UK’s retail payment systems, in the process

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