“The Cheque and Credit Clearing Company welcomes the publication of the Payment System Operator Delivery Group’s final report ‘New Payment System Operator’, which was published on 4 May 2017. We believe that a new consolidated Payment System Operator will help co-ordinate the substantial priorities for change across the industry as we move towards a ‘launching point’ for the future of retail payment services for the United Kingdom.  Our chair, Jane Bevis, has been part of the Delivery Group responsible for planning the consolidation of the three payment scheme companies and the C&CCC now looks forward to working with Bacs and Faster Payments to prepare for the first phase of implementation.

 

In the meantime the C&CCC remains fully focused on its work with the industry to launch the new, image-based cheque clearing process on 30 October 2017.”