Officials deny geopolitical fears driving UK payments upgrade
US card payments providers Mastercard and Visa will participate in industry meeting today
Officials and finance industry members have refuted claims that sovereignty is a key consideration in UK payments modernisation.
Reports earlier this week said fears that president Donald Trump could turn off access to US card payment providers were shaping plans. The two largest providers, Visa and Mastercard, are both headquartered in the US.
A person familiar with the matter confirmed to Central Banking that a meeting today (February 19) between banks and non-banks collectively funding
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