Pay.UK in the news

Pay.UK launches a new campaign with Wonderhood Studios, featuring Gen Z artist Nova May, to encourage young people to switch bank accounts.

David Crawford of Pay.UK discusses how AI is rapidly reshaping financial services, particularly in fraud, and the need for adaptive payment systems and regulatory oversight.

The Retail Payments Infrastructure Board (RPIB), chaired by the Bank of England, is designing the UK's next-generation retail payments infrastructure, incorporating broad industry input and launching a public consultation.

The UK is redesigning its retail payments infrastructure to modernize the system, introduce new payment options like account-to-account transfers, and improve cross-border transactions.

A Faster Payments outage impacted several major UK banks, causing transfer failures and highlighting vulnerabilities in the country's payment infrastructure.

Pay.UK expanded its board with three new industry non-executive directors from Monzo, Equals, and Bank of Ireland, effective July 2026, as part of a governance model shift to rebalance representation.

The UK is implementing collaborative strategies and data-sharing initiatives to combat rising payment fraud, including the APP reimbursement scheme, to secure the country's payment future.

UK banks face a critical challenge in scaling low-latency AI for fraud detection within the 30-millisecond window of the Faster Payments system, necessitating advanced asynchronous architectures.

Pay.UK implemented a flexible liquidity model for Faster Payments to reduce pre-funding requirements and lower access costs for payment service providers.

Pay.UK has launched a flexible liquidity framework for Faster Payments, making it easier and cheaper for non-bank payment providers to directly access the system.

The Bank of England and industry experts are consulting on the technical design and architecture of the UK's future retail payment infrastructure to enable AI payments and digital currency integration.

A consultation has been launched to design a more innovative and resilient core clearing and messaging infrastructure for UK retail payments.

Modernization of the UK's retail payment systems through a new consultation on infrastructure design and account-to-account capabilities.

UK financial industry representatives want tech and telecom companies to share the cost of compensating victims for 1.28 billion pounds in annual fraud losses.

UK banks reported £576.4 million in APP fraud losses amid a total annual fraud surge to £1.28 billion.

Open Banking and 'Pay by Bank' are transforming UK payments by providing faster, more secure, and lower-cost account-to-account transfers for consumers and major retailers.

Pay.UK's leadership received honorary fellowships for their commitment to professionalism and the maintenance of resilient UK payment systems.

Major UK banks launched a new payment scheme to bypass Visa and Mastercard through open banking and recurring account-to-account transfers.

Major UK lenders are launching a new payment scheme next week to compete with Visa and Mastercard through direct bank-to-bank transactions.

Latest ONS real-time indicators monitor UK economic health through payment flows, energy prices, job vacancies, and retail footfall data.