27 March 2020 UPDATE: Revised date for responses to ‘Next generation standard for UK retail payments’ consultation is now closed
Pay.UK is closely monitoring the Covid-19 (Coronavirus) outbreak and has taken the necessary steps to protect our colleagues and maintain services to our Participants and end users. The robustness and resilience of the critical national infrastructure that we provide is our top priority.
We recognise that during this time, engaging with us might not be your main priority but we want to reassure you that your views are valuable to us. Therefore, we will now be accepting responses to this consultation for a further four weeks after the previously published deadline.
Have your say: shape the Next Generation Standard for UK Retail Payments
Setting standards is at the heart of what we do and by delivering best-in-class payments infrastructure and standards, we are looking to catalyse the retail payments market to benefit consumers and businesses nationwide.
To help us deliver this vision, we are consulting on the recommended approach for the use of global standard ISO 20022. This is a once in a generation opportunity to help define standards for the New Payments Architecture (NPA).
What is the ISO 20022 consultation?
This consultation seeks to gain feedback on the adoption of ISO 20022 for the clearing and settlement capability of the NPA. Your feedback will help us design the standards used to exchange payments data at the core of the NPA infrastructure and identify opportunities for further standardisation.
Who should complete the consultation?
- End user representative bodies
- Financial institution participants
- Trade bodies
- Solution providers
- Anyone with an interest in payments.
The NPA Standards Consultation has now closed.
The outcomes will be published in a final report on our website in November 2020.
If you have any questions or you require additional clarification, please email firstname.lastname@example.org.