The Payments Business is a new UK Payments Industry initiative and member driven Forum, whose purpose is the sharing of information about the various regulatory changes, innovations, challenges, and opportunities in the UK Payments Industry. This includes innovative products and services now permitted under the new legislative landscape of Open Banking and PSD 2. The Payment Business provides a guide to members on what help exists, and from where to retrieve this detail within the payments environment, and is a core disseminator of information to the industry.
The initiative brings together many industry participants from areas such as; banking innovation, technology, product initiation, FinTechs, banks, and those in the regulatory world. The environment provides an excellent networking opportunity for all members, and creates business opportunities for members.
The Group provides a forum for debate and assists the membership to navigate the changing payments landscape, represents a voice for the payments market, and a signpost regarding solutions for all members and industry participants. The approach is all-encompassing and widespread; and covers key aspects of the industry including: new initiatives, regulatory needs, innovative products and solutions, risk management, and payment infrastructures; all within the Retail and Corporate Banking sectors.