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Who We Work With

To help ensure consumers and businesses have the payments services they need the Payment Council has working relationships with a number of other organisations relevant to different areas of the council’s work. 


The Payments Council has strong engagement with the regulatory authorities, covering a diverse range of topics on payments issues. The key regulatory bodies we liaise with are:

Bank of England

The Bank of England has responsibility for oversight of some of the payment schemes in the UK. The Bank is also an observer on our Board.

Competition and Markets Authority

The CMA is the authority that works to promote competition for the benefit of consumers. It is interested in making sure payment systems work well, as well as services such as the Current Account Switch Service and Paym.

Financial Conduct Authority

The FCA has responsibility for monitoring and enforcing the regulations covering some aspects of payments, including how banks treat their customers and the regulation of payment institutions. The key rules are covered by the Payment Services Regulations.

HM Treasury

HM Treasury is the main government department dealing with payment regulatory issues and also decides which payment schemes the Bank of England should have oversight of. We do also work closely with other government departments, such as the Department for Work and Pensions, as big senders and receivers of payments in their own right.

Payment Systems Regulator

The PSR is the new economic regulator for the payments industry. It formally came into being on 1 April 2015 and has objectives on promoting competition, innovation and service users.

We keep in regular contact with these organisations and often liaise closely with them on many Payments Council projects.