On July 15, 2015 the Payment Services Regulator released draft terms of reference for the Payments Strategy Forum, which is being established to lead an ongoing process to identify, prioritise and develop initiatives where the payments industry can collaborate to deliver innovation for the benefit of service users. Its scope is to review both payment systems and payment services, in so far as their development can be considered an enabler of new or improved payment services.

call for members for the forum has been issued: 20 individuals in senior positions with the ability to shape and make decisions on strategy and/or policy within their organisations are sought. The PSF will meet six times per year in or around London (with the possibility of invitations to further meetings). Members of the forum will be required to put service-users' (rather than their own organisation's) interests first - although service-users covers a broad spectrum including anyone who uses payment systems and the services they provide. It therefore covers payment service providers, for example, as well as individual end-consumers. 

What this means for you

Individuals who are interested in becoming a member need to apply by 5pm on 12 August 2015. An application form is available via the PSR’s website. The first Forum meeting is expected to be held in the autumn.