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Participant Advisory Council annual report published by Pay.UK

The Participant Advisory Council (PAC) – the body that ensures that Pay.UK understands the needs of the industry by representing the interests of participants and advising Pay.UK on the impact of its decisions on them – has today published its annual report.

The publication is available to download below and the highlights are:

  • the recommendations the PAC has made to help ensure Pay.UK delivers on its key strategic objectives;
  • the PAC’s role in providing input and expertise to Pay.UK regarding the latter’s involvement in stimulating innovation in the market; and
  • the guidance that the PAC has provided on elements of Pay.UK’s work regarding the procurement of a new core clearing and settlement infrastructure for payments in the UK.

The Participant Advisory Council plays a key role in making sure the interests of participants in the UK’s payment systems get taken into consideration by Pay.UK. To that end, the council has brought valuable external insights to the main Board. The publication of our first annual report gives us the opportunity to highlight the progress we have started making. I look forward to continuing developing our external focus.

Said, Jean-Yves Rotté-Geoffroy, Chair of the PAC.

Since its creation in July 2018, the Participant Advisory Council has proved itself to be a valuable and effective body, providing constructive input to our work in a number of key areas. The council has provided strategic advice as Pay.UK has developed as an organisation, helping to give us a well-defined understanding of what is relevant and important to participants in our payment systems.

Commented, Melanie Johnson, Chair of Pay.UK.

For further information, email press@wearepay.uk or call 020 3217 8309.