New Technology

A core role for UK Payments is to support and encourage the establishment of new payment services which includes harnessing new technology to better meet the needs of the banking industry and its customers. 

Faster Payments

The Faster Payments Service enables telephone and online banking payments, as well as standing orders, to be processed within hours. The service was launched on 27 May 2008. More information can be found at www.chapsco.co.uk
 

The Future of Plastic Card Payments

The plastic card industry is constantly changing and new technology is at the forefront of global debit and credit card innovation. Over the next decade cardholders may see some of the developments outlined here: