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LINK welcomes consultation on future payments infrastructure
Commenting on the Bank of England's consultation on the design of the future retail payments infrastructure, John Howells, LINK CEO, said:
"The work to upgrade the UK's retail payments system is critical and urgent and LINK welcomes the Bank's consultation. It is good to see the consultation includes interoperability with cash, fraud prevention measures and third-party digital payment protections. Solving these at an infrastructure level is critical if the design is going to be inclusive and safe to use for everyone, whether you are a confident digital adopter, a cash user, or one of the 11m people who support someone else with their money. LINK looks forward to working with the Treasury, Bank of England and the industry to build a new sovereign payments infrastructure, and is already developing proposals for contactless transactions at ATMs."
RPIB consultation on the Design of the Future Retail Payments Infrastructure | Bank of England