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TransferWise breaks into UK’s RTGS faster payments scheme
TransferWise has become the first non-bank company to gain direct access to the UK’s Faster Payments Scheme, which TW says will help it compete with banks on sending money overseas. TransferWise, one of several start-ups trying to tempt consumers and small businesses away from banks, said it would now be able to offer customers faster [...]
The post TransferWise breaks into UK’s RTGS faster payments scheme appeared first on Payments Cards & Mobile.
UK payment systems represent systemic risk to financial stability – central bank consolidation underway
In a recent announcement, the UK’s Payment Systems Regulator and the Bank of England (BoE) agreed a framework for the consolidation of Bacs, the Cheque and Credit Clearing Company and the Faster Payments Scheme. The BoE has now gone one stage further and announced it will it will set out plans by the middle of [...]
The post UK payment systems represent systemic risk to financial stability – central bank consolidation underway appeared first on Payments Cards & Mobile.
