The Payments Council has published a document outlining several radical options for change to the UK payments infrastructure. It sets out six options for change, on which it invites comments. It will publish updated versions of its thinking throughout 2014. In its reaction to the Final Report of the Parliamentary Commission on Banking Standards, the Payment Council has said that its plans for the UK payments infrastructure deliver exactly what the Parliamentary Commission has recommended. (Source: Payments Council to Revamp Payments Infrastructure and Payments Council Responds to Final Report by Parliamentary Commission)