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Evening Standard

Technology

Vicky Shaw

Next steps for plans to help give people more control over payments set out

Regulators have set out the next steps towards plans to help people take more control of their regular outgoings and reduce the risk of payments flying out of their accounts unexpectedly (picture posed by model/Dominic Lipinski/PA) - (PA Archive)

Regulators have set out the next steps towards plans to help people take more control of their regular bills and reduce the risk of payments flying out of their accounts unexpectedly.

The announcement from the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) relates to plans to use technology to help development new services that will give consumers and businesses more choice in how they make and receive payments safely and securely.

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