A day in the life of payments
A casual observer of the payments industry might be forgiven for thinking that the Payments Council is comprised only of its Board: a few senior individuals making big, important strategic decisions that affect the rest of us. Yet this perception overlooks the meat and the bones of what we do and achieve on a daily basis, and our staff’s vital work with the payment schemes to keep the payments infrastructure running smoothly and safely day in, day out.
To find out more about the different ways you can pay, visit our consumer advice site payyourway.org.uk
It quickly becomes apparent why the work of the Payments Council is vital when you stop to consider how integral payments are to our everyday lives. A single day for anyone of us is likely to involve a range of different types of payments, all of which we depend upon to work efficiently and securely. You probably don’t give a second thought to the central systems that enable you to take cash out of an ATM; pay a gas bill by Direct Debit; book tickets over the phone using a credit or debit card; transfer money via Faster Payments to a savings account using online banking, use contactless technology on plastic card to buy a coffee; or buy something on eBay using PayPal.
- First full-year results published for new Current Account Switch Service (15 Oct 2014)
- More banks join Paym (14 Oct 2014)