Collaborative Aspects of Payments

The Payments Council acts as the key vehicle for enabling payment industry collaboration on a diverse range of topics including: 

• Future innovation and strategy
• Standards
• Regulatory developments
• Integrity
• Fraud
• Industry research and analysis 

To facilitate this, the Payments Council has set up a number of committees and sub-groups which enable a cross-section of Payments Council members and stakeholders to participate in this work. 

Key topics

• Standards
  The Payments Council works to develop and promote world class standards for the use in the payment systems in the UK.
• Payment integrity
  One of the Payments Council’s key objectives is to ensure the integrity of payment services in the UK, though a primary focus on issues which cut across the payment schemes. 
• European developments
  The Payments Council monitors and participates in the work of the European Payments Council (EPC) which supports and promotes the creation of the Single Euro Payments Area (SEPA)
• Regulatory developments
  The Payments Council acts as the lead on regulatory developments in the payments industry such as the Payment Services Directive.
• Cash
  The Payments Council acts as the focal point for the provision of strategic direction on co-operative (non-commercial) issues for cash.