The Bankwatch

Tracking the consumer evolution of financial services

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? 

Written by Colin Henderson

July 23, 2012 at 22:33

Posted in Uncategorized

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