UK report sets out steps to unify payment services operators
Move would help drive “innovation and competition”, working group chairman says
The UK’s “payment system operator delivery group”, or PSODG, published a recommended delivery plan for the consolidation of the operators of three payment services.
The delivery plan concerns the Bacs Payment Scheme, the Cheque and Credit Clearing Company and the Faster Payments Scheme. Under the plan’s recommendations, all three entities would become part of a single organisation. The move aimed to further develop the capability and capacity of the operators”, and would reduce “the
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