Payments Advisory Panel - call for members

The Bank of England and Pay.UK have issued an open call for interest for members of the payments industry wishing to join a newly created Standards Advisory Panel.

In June 2018, the Bank of England, Pay.UK and the Payment Systems Regulator (PSR) published a consultation on the adoption of a common global messaging standard, ‘ISO 20022’ across the main UK payment systems, including CHAPS, and  Pay.UK’s New Payments Architecture. This new standard is expected to deliver a wide range of benefits including improved resilience, better automation and innovation, and richer data. The Bank and Pay.UK are setting up the Panel in advance of publishing the consultation response later this year.  The Panel will input into the implementation of ISO 20022. 

Applications to become a member of the Panel are invited from individuals with relevant subject matter knowledge, skills and experience, based on the draft Terms of Reference. The closing date for applications is Monday 10 December 2018.
 

The Panel will be jointly run by the Bank and Pay.UK.  It will comprise a senior group of stakeholders representing the payments industry. It is to be made up of diverse representation from Payment Service Providers, technology firms and end-users, such as businesses. Members of the Panel will have an opportunity to influence changes across wholesale and retail payments, shaping how benefits for the UK are maximised while ensuring changes are proportionate. Whilst implementation of ISO 20022 in the UK will be a key focus, the group’s work will also cover other new payment standards for the UK – such as for financial APIs (Application Programming Interfaces), the technology that enables data to be shared securely.
 

  • Ruth Milligan

    Ruth Milligan

    Head of Programme | Financial Services and Payments
    T 020 7331 2173

Share this

FROM SOCIAL MEDIA

Thanks to everyone who joined us for a great day of lively discussion at #techUKSmarterState. Here's @techUKCEO's t… https://t.co/dozbHIUEj7
A big thank you to the @techuk crew for making this year's event a success! #techUKSmarterState https://t.co/bumOuzwUu5
A massive thank you to all our sponsors and partners this year! #techUKSmarterState https://t.co/gDlHHNurUe
. @ChannelSwimSue wraps it up here. What an amazing event it has been. Thanks you all for coming this year's event.… https://t.co/Z5LBf0Kbxo
What a way to finish #techUKSmarterState with Dr. Nina Cope from @NCA_UK. Fantastic insight from deep expertise in… https://t.co/epBYOUp3vA
Final question from the audience on the role of automation in public safety, particularly as a tool to protect offi… https://t.co/XCRv593I0m
"What we need from industry is to understand the scale of the issues, understand the importance and consequence of… https://t.co/0qEQSTiIkK
Question from the audience "How can we deal with the challenge of boundless tech going forward? How can we deal wit… https://t.co/hohjrblY24
Become a Member
×

Become a techUK Member

By becoming a techUK member we will help you grow through:

Click here to learn more...