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The Payments Association’s response to RTGS – CHAPS Tariff Consultation

The Payments Association welcomes the opportunity to contribute to the BoE “RTGS –
CHAPS Tariff Consultation”.

The community’s response contained in this paper reflects views expressed by our members
and industry experts recommended by them who have been interviewed and who are
referenced below. As The Payment Association’s membership includes a wide range of
companies from across the payments value chain, and diverse viewpoints across all job
roles, this response cannot and does not claim to fully represent the views of all members.

We are grateful to the contributors to this response, which has been drafted by Riccardo
Tordera, our Head of Policy & Government Relations. We would also like to express our
thanks to the BoE for their continuing openness in these discussions. We hope it advances
our collective efforts to ensure that the UK’s payments industry continues to be progressive,
world-leading