Visa prepares for 2025 launch of Visa A2A in UK
Visa A2A features a formal dispute resolution process and easier-to-manage payment permissions.
Pay.UK
India’s Tata Consultancy Services reportedly in the race to run UK’s Faster Payments service
The potential move would see TCS replace Mastercard’s Vocalink as the service’s technology partner.
FinTech Futures: Top five stories of the week – 28 July 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Pay.UK reveals big jump in number of current account switches in the UK over last 12 months
Pay.UK’s Current Account Switch Service has seen a 50% increase in switches compared to last year.
PSR delivers update on progress of New Payments Architecture
The PSR’s future direction on the NPA was outlined in its annual plan and budget for 2023/24.
Pay.UK exec Simon Lyons joins obconnect as chief strategy officer
Simon Lyons has left Pay.UK to join open banking company obconnect as its CSO.
Mobile payments service Paym to shutter in 2023
Pay.UK will wind down Paym after declining payment volumes and fewer signups over the past three years.
Pay.UK rolls out framework for Request to Pay services
More than 400 organisations were involved in the open sandbox.
Pay.UK processes £7.4 trillion worth of transactions in 2019
The payment operator saw 500 million more transactions in 2019 compared to 2018.
Pay.UK consults industry on NPA standards
The consultation relates to the use of ISO 20022.
Fraud reimbursement plan stalls with lack of industry consensus
Pay.UK calls on banks to come together and back creation of central fund.
UK’s Payments System Regulator presents 2019/20 annual plan
The UK regulator smoothens out open banking and fraud.
Pay.UK eases access to payment schemes for PSPs
With the introduction of the second phase of a new access model.
How new AML tech is freezing the fraudsters
Over 90% of UK current accounts are now covered by the new Mule Insights Tactical Solution (MITS).
Pay.UK officially brings payment brands under one roof
Bacs, Faster Payments, and Cheque and Credit Clearing are now part of Pay.UK.
Wahey! Record payment volumes for Pay.UK
UK authority says automated payments hit an all-time high in 2018.
ISO 20022 not snowed under by icy responses
Bank of England says responses to messaging standard were “largely supportive”.
Pay.UK seeks better data for New Payments Architecture
Calling for fintech to contribute to its “Enhanced Data” project.
Bank of England calls for payments messaging panel applicants
The panel will input into the implementation of ISO 20022.
Top fintech stories this week – 19 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
UK retail payments authority seeks strategic tech partner
Pay.UK seeks partner to “collaboratively deliver the future of payments in the UK”.
