Sunday, 30 July 2017

Push! Push! Push!

 

The Payment Strategy Forum’s “Blueprint for the Future of UK Payments” (July 2017)

During the design phase of the NPA, the concept of a push only payments model has been developed further to assess whether our proposition is suitable in light of the Forum’s commitment to enable competition, innovation and minimise risk in payment systems. In summary, we concluded that a push only model offers many advantages but recognise that for some in the industry, changes will be required to enable them to deliver existing pull based payments products, such as Direct Debits.

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