The Payments Council is a voluntary membership organisation and is governed by a set of published rules and a Board of directors. Organisations that are payment service providers with qualifying payment volumes can join the Payments Council.
The Payments Council operates in a way that promotes openness and transparency. The board will consult on important issues such as proposals for innovation, any significant policy statements and any proposals to create or wind down payment systems in the UK.
Where applicable the board will consult with key stakeholders including UK payments schemes, members of our Customer Forums and other interest groups. It will also consult publicly and may commission a cost benefit analysis where significant investment is contemplated.