On 29 September 2016, Payments UK issued an updated code of conduct for indirect access to UK payment systems (Code).
The Code, which is voluntary, was first introduced in September 2015 to set out the standards of best practice that Indirect Payment Service Providers should expect from an Indirect Access Provider for the supply of Indirect Access Services.
The updated Code reflects the themes which emerged from Payments UK’s previous consultation feedback in relation to its contents which took place in November 2015 specifically to provide greater clarity, changes to the introduction, the terminology used and on the scope and purpose of the Code.
What this means for you
Payments UK, in its role as the Code Administrator, will continue to monitor the effectiveness of the Code and will engage with relevant stakeholders as well as establishing a new consultative group as a means to gather further feedback – more information on this group will be published on the Payments UK website shortly.