HM Treasury has launched an open consultation on the future of payments via its Payments Landscape Review. The Review is considering how the payments system is working for different users including retailers and consumers and what objectives the Government should use to guide future work on payments.
Payment and Services
Payment Systems Regulator: Review of Specific Direction 8 (LINK)
The PSR is conducting a review of Specific Direction 8 (SD8) which it gave to LINK at the end of last year, to make sure it does all it can to fulfil its commitment to maintain the broad geographic spread of free-to-use ATMs.
Payment Systems Regulator: Call for views: The PSR’s research into cash access, use and acceptance
The PSR commissioned BritainThinks to ask consumers and small business from across the UK questions relating to their cash use and, for small business, acceptance. The PSR are calling for views on the paper, which focuses on users’ cash needs and seeks views on the cash needs and preferences of consumers and businesses in light of the research findings. Of particular interest to the PSR is how use of cash may evolve in future, and how best to ensure a network of cash outlets which meets people’s needs.
Call for views: Review of the structure of LINK interchange fees
The Payment Systems Regulator has invited views on the issues raised in this paper from all interested parties, including relevant evidence.
This paper is specifically focussed on the structure of interchange fees, rather than the level of those fees. We’re interested in hearing views and evidence on:
National Assembly for Wales: Access to Banking
The Economy, Infrastructure and Skills Committee are seeking views on:
- The current position regarding access to banking services in Wales, to include issues relating to financial inclusion and digital inclusion.
- The variety of ways in which branch closures and access to free ATMs can affect local communities (for instance the impacts from a business, tourism, social, demographic and regeneration perspective).
- To understand the potential process, benefits and challenges involved with establishing a community bank with multiple branches in Wales.
House of Commons Treasury Committee: Consumers’ Access to Financial Services Inquiry
This inquiry looks at consumers’ access to financial services and whether certain groups of consumers are excluded, both in terms of obtaining a basic level of service from financial services providers as well as access to products including insurance. The inquiry will have a particular focus on the provision of financial products and services for vulnerable consumers.
Payment Systems Regulator: Market Review into Card-Acquiring Services
The Payment Systems Regulator has launched a consultation on its draft terms of reference for its market review into card-acquiring services.
LINK: Access to Cash Review
The Access to Cash Review, announced earlier this year by LINK, has launched a call for evidence. The review will be independently Chaired by the former Head of the Financial Ombudsman Service, Natalie Ceeney CBE and sponsored by LINK. The Review will be supported by a panel of consumer of industry experts who will consider and examine the future needs of consumers across the UK and provide recommendations on how the UK should best respond to the challenges, and opportunities of consumers’ evolving relationship with cash and payments over the next 15 years
HM Treasury – Cash and Digital Payments
HM Treasury has published a consultation seeking views on the role of cash and digital payments in the new economy