The Payments Council has submitted its response to Treasury’s consultation on setting the strategy for UK payments. Treasury consulted in July on proposals, amongst other options, for a new public body, the Payments Strategy Board, that would issue recommendations to the industry on UK payments strategy. The Payments Council argues for a new body of senior public interest representatives that would meet biannually to hold the Payments Council to account and discuss the main strategic issues. The response also reviews the changes already made to the governance of the Payments Council, such as a reinforced role for independent directors and consultation with customer forums. (Source: Payments Council Response on UK Payments Strategy)