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APACS has welcomed the announcement by H M Treasury that the OFT’s Payment
Systems Task Force is to be wound up.
Mark Fisher, Chairman of APACS, commented: "The UK banking industry has proven
that it can continue to deliver stable, highly competitive, innovative payments
systems without the need for further regulation, and the creation of this new
body will allow greater consultation and transparency than ever before.
"It will drive forward a strategy for payments in the UK.
“The Task Force brought together a wide variety of bodies with an interest in
the efficiency and reliability of payments. "We will now build on this
successful formula.
"We want to ensure that the central payment schemes - through which payments are
made - help providers innovate and deliver the best possible service to all
business and personal customers.
“I am delighted that Brian Pomeroy has agreed to be the first Chairman.
"He brings an external and independent perspective to developments in the
payments arena which I am sure will mirror his approach and commitment to the
financial inclusion agenda.”
Source:
Credit
Control Journal
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