On 1 September 2015, Payments UK published a code of conduct covering indirect access to UK payment systems for payment service providers (PSPs). The aim of the code is to set out the responsibilities of indirect access providers in order to improve the experience of indirect payment service providers.
What this means for you
PSPs can either contract with the operator of the payment system directly or indirectly by contracting with another PSP that has direct or indirect access to the system. The ability to have access is increasingly crucial for a number of PSPs, particularly those that are not direct participants of the UK’s payments systems.