UK wants more competition in payments infrastructure

VocaLink isn’t facing enough competition in its role of providing the underlying infrastructure of key payment systems like Bacs, according to the UK Payment Systems Regulator (PSR).

Earlier in the year, the authority published proposed remedies for pumping competition into the market. The PSR has now released a consultation paper in response to feedback received after those proposals were issued, according to Shearman & Sterling LLP. Read