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Our Structure

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.

Scheme participation

The Payments Council works closely with a number of contracted schemes for the benefit of the UK payments industry.  These include:

Each scheme has entered into a contract or other formal arrangement with the Payments Council to set out their respective rights and duties towards each other. 

Under the contract, schemes are required to report to the Board.  The Board is also able to make decisions that are binding on scheme members in order to implement its strategy.  This is, however, subject to a right for both schemes and their members to apply for a formal waiver in which case they will be fully consulted by the council.


The contracted schemes and their members, agency banks and all full members of the Payments Council are able to apply for a waiver from a decision of the Board that affects them.  The only exception to this is those full members with more than 5% of qualifying payment volumes.  The waiver process is fully defined in the rules.