techUK submitted our response to this consultation at the end of September. The main points raised can be summarised as follows:
• New payments architecture: clarity is needed on the concept of push payments.
• New Payment Systems Operator: governance of a new payments architecture should be inclusive and transparent.
• End-user needs solutions: clear communication on how request to pay should operate as well as consideration of possible fees is required.
• Emerging technologies: a new payments architecture should ensure it takes into account the potential of new technologies.
The full text can be accessed below: