Bank of England cuts base rate as mortgage and savings rates continue to drop - Pay.UK
The Bank of England is cautiously trying to encourage economic growth. High levels of inflation have certainly complicated the picture,| Pay.UK
Our Head of Strategic Policy, John Mowat, recently attended Travers Smith’s Future of Fintech 2025, taking part in a panel discussion exploring the evolving landscape of financial market infrastructures (FMIs). The post Pay.UK discusses driving innovation in financial market infrastructures at Future of Fintech 2025 appeared first on Pay.UK.| Pay.UK
Last year, we worked extensively with industry and the Payment Systems Regulator (PSR) to prepare for, implement, and ensure compliance with, the PSR’s authorised push payment (APP) reimbursement policy from 7 October 2024. The post APPR policy continues to deliver positive outcomes appeared first on Pay.UK.| Pay.UK
Northern Ireland was the busiest region for switching in Q2 with 5,667 switches, followed by Birmingham (5,558) and Sheffield (4,626) The post The Current Account Switch Service unveils the UK’s Regional Switching Rankings appeared first on Pay.UK.| Pay.UK
Half of UK adults with over £15,000 in their current account have recently received financial support from a loved one The post Those with over £15k in their bank account have recently received financial help from loved ones appeared first on Pay.UK.| Pay.UK
The Bank of England is cautiously trying to encourage economic growth. High levels of inflation have certainly complicated the picture,| Pay.UK
Earlier this year, we announced a new three-year charity partnership with Age UK East London, focused on supporting older adults in the boroughs of Hackney, Newham, and Tower Hamlets.| Pay.UK
Since launching in 2020, Confirmation of Payee has transformed the way people in the UK make payments, offering a vital layer of protection against misdirected payments and fraud.| Pay.UK
Confirmation of Payee (CoP) is an account name-checking service designed to help reduce misdirected payments and provide greater assurance that payments are being sent, and collected from, the intended account holder for UK domestic payments. Owed to its high and valued effectiveness, CoP has quickly become a utility service that customers expect to see when […]| Pay.UK
Embargoed until 8pm 30th July 2025: The Current Account Switch Service today publishes its Q2 2025 Dashboard, reporting 216,519 completed switches between April and June 2025. The post June sets 2025 record for current account switching appeared first on Pay.UK.| Pay.UK
As global payments become faster and more complex, ensuring security and trust has never been more important. The post Pay.UK discusses how Confirmation of Payee is shaping payments in Australia appeared first on Pay.UK.| Pay.UK
As Europe moves toward the Single Euro Payments Area (SEPA)-wide implementation of Verification of Payee (VoP) by October 2025, payment service providers (PSPs), payment system operators (PSOs), and financial institutions across the region are looking to Pay.UK’s experience with its implementation of Confirmation of Payee in the UK, for guidance.| Pay.UK
Resilient infrastructure and a clear regulatory framework are the two core foundations of the Government’s National Payments Vision, published on 14 November 2024.| Pay.UK
