

Payment Systems
We operate the systems that power everyday payments. From Faster Payments to Bacs to cheques – we ensure that payments flow without interruption. Salaries, benefits, bills, mortgages and online banking payments are all sent safely and securely through our systems
In line with the direction set out in the National Payments Vision, we are extending and enhancing our payment systems for the benefit of end users. Our modular and adaptive approach will drive forward improvements that future proof our systems by adopting global messaging standards, fostering innovation and making them safer, faster and more efficient.
Through close collaboration with government, regulators, and the wider industry we will deliver five initial enhancements as directed by the Payments Vision Delivery Committee. These initial enhancements will enable interoperability through the introduction of ISO20022 messaging standards, enhance resilience, such as through Certainty of fate and support important open banking developments.
We are currently working on five initial enhancements

Access to data to manage system risk
Access to data to manage system risk

Bacs Contingency
Bacs Contingency

Two-factor authentication
Two-factor authentication

Implementation of ISO20022
Implementation of ISO20022
