Focused specifically on Open Banking and PSD2, it considers the impact this initiative will have on corporates and financial institutions alike, and looks at how cloud-based technology can insulate customers from the effects of continuing change, whilst optimising the way payments are processed. 

The proposed regulatory, technological and operational changes will transform the UK payments landscape between now and 2023.

The principal milestones are Open Banking, the revised Payments Services Directive (PSD2) and the creation of the UK New Payments Architecture (NPA). These pivotal initiatives will drive the introduction of new payment processes and instruments, known as Overlay Services, such as Request to Pay, Enhanced Data and Confirmation of Payee.

A new Simplified Payments Platform (SPP) will be launched as a central infrastructure which will replace legacy systems, in particular, Bacs Direct Credits, Direct Debits, Faster Payments and cheque clearing.

GET IN TOUCH

Want to learn more about Bottomline's solutions?

Call us.

Our payment experts are here to help.

+1 (800) 472 1321

Chat with us.

Chat with one of our payment experts. We'll recommend the right solution for you.

Let us help drive your business forward.

Tell us a bit about you and your business and we’ll get back to you with all the information you need.

We use cookies to offer an improved online experience and offer you content and services adapted to your interests. By using our website or clicking “Accept”, you are agreeing to our Cookie Policy. If you do not wish to allow cookies please disable them in your browser settings. Cookie consent.