UK Payments Council to be stripped of powers as govt seeks ‘fresh start’ | finextra
Nice catch from Finextra on this new initiative from the UK Government to resolve the debacle that dates back to 2009 when the banks decided they would eliminate cheques. The catch was that they forgot to develop an alternative.
I have to admit I noted the original idea here in 2009, but naively assumed they knew what they were doing. What was I thinking?