Payments UK, which represents the payments industry in the UK, has published an initial report on its World Class Payments project – setting out its vision of the enhancements that would ensure that payments in the UK continue to be world class.
BASDA is one of the key industry stakeholders involved in meetings and discussions that provided input into the report findings.
The report introduction says:
“There is clearly still much work to be done. To deliver all the capabilities or features we have identified, and critically to agree the timing of delivery, it will require the industry’s new and existing players, but also regulators, technology providers, the government and of course customers to move forward together.”
Kevin Hart Chairman of BASDA, comments on page 9:
“BASDA truly welcomes this report and its drive to provide a payments infrastructure that addresses the key needs and opportunities of our somewhat archaic infrastructure in order to provide UK Plc and its customers with a truly 21st century set of experiences that they come to expect and deserve. We look forward to collaborating closely with the payment industry to ensure a consistent and pragmatic scope along with deployment, as this will be crucial to its success.”
Download: World Class Payments Report