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Payment System Operator Delivery Group

What is the Payment System Operator Delivery Group?

One of the Solutions published in the Payments Strategy Forum’s final strategy is the proposed consolidation of three payment system operators: Bacs Payment Schemes Ltd (BPSL), Cheque and Credit Clearing Company (C&CCC) and the Faster Payments Scheme Ltd (FPSL). 

The Forum proposed the consolidation of the PSOs as part of a suite of measures aimed at reducing the complexity and costs of having multiple payment systems.

In its strategy, the Forum recommend creating one single PSO in order to allow for easier access to payment systems, increased competition and efficiency, and a stronger drive for innovation. 

The Payment System Operator Delivery Group (PSODG) has been established by the PSR and the Bank of England to consider key issues relating to the potential consolidation of the governance of these three payment system operators. You can find the group’s terms of reference here:

PSODG terms of reference

Membership

Robert Stansbury is the independent chair for the PSODG. Robert has been a senior advisor at the Prudential Regulation Authority (PRA) and Financial Services Authority (FSA), and is currently a senior advisor at the Banking Standards Board.

Other appointees to the seven-strong group are the chairpersons of the three PSOs involved in the potential consolidation and three additional representatives from the Forum.

The members are:

  • Robert Stansbury, Independent chair
  • David Rigney, Bacs
  • Jane Bevis, C&CCC
  • Nick Caplan, FPS
  • Russell Saunders, Payments Strategy Forum (large PSP rep)
  • Becky Clements, Payments Strategy Forum (small and medium PSP rep)
  • Faith Reynolds, Payments Strategy Forum (end users rep)

You can find a register of the members’ other interests here:

PSODG register of other interests

Meetings

This webpage is being used by the PSODG to publish summaries of all its meetings. These documents can be found at the links below:

Presentations and other materials

In this section the PSODG publishes presentations it has given and other useful materials.