Source · Select Committees · Treasury Committee
Recommendation 27
27
Accepted
Paragraph: 123
We welcome the introduction of the Confirmation of Payee service in 2019, as recommended by...
Conclusion
We welcome the introduction of the Confirmation of Payee service in 2019, as recommended by our predecessor Committee. We also welcome the work the Payment Systems Regulator is doing to broaden its scope through the introduction of Phase 2, extending and enhancing the service.
Government response summary AI-generated
The PSR issued Specific Direction 11 (SD11), requiring Pay.UK to close phase 1 CoP by the end of May so that all PSPs are using the Phase 2 technical environment.
Paragraph Reference:
123
Government Response
The government responded to this report on 28 April 2022. No passage in that response could be matched to this conclusion. Read the response document ↗