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Press releases

Our latest press releases can be found below. View them all from the last 18 months, or search for a specific topic using our search tool below.

£1 million Faster Payments now possible

10 February 2022

Payment service providers (PSPs) can now enable Faster Payments of up to £1 million as a result of an increase to the Faster Payment System limit.

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Current Account Switch Service levels accelerate in final months of 2021

27 January 2022

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Plan ahead and get those Christmas payments wrapped up early

8 December 2021

Businesses across the country are being reminded to plan ahead if they have essential payments to make over the Christmas and New Year holidays.

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Second standards technical collateral release for the Next Generation Standard

6 December 2021

We have now produced our second ‘collection’ of standards collateral, leading on from the first that we made available in July.

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Advanced notice – second standards technical collateral release to be published

12 November 2021

In July, we last provided industry with “draft” standards technical collateral

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Current account switching levels rise in Q3 as consumers explore digital options and switching deals

28 October 2021

Current account switching levels rise in Q3

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Pay.UK’s Current Account Switch Service designated as an alternative switching scheme

16 September 2021

Pay.UK is pleased to confirm the Payment Systems Regulator (PSR) is satisfied that the Current Account Switch Service

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Pay.UK launches search to recruit new members to the Pay.UK Board

10 September 2021

Pay.UK launches search to recruit new members to join the Pay.UK Board of Directors and Independent Non-Executive Directors to the Board.

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