Payments UK

[1][2] It merged with a number of other British financial organisations in July 2017 to form UK Finance.

[3] The regulatory powers of its predecessor were transferred to the Payment Systems Regulator; it acts primarily as an industry body.

The resulting organisation, UK Finance, began operating in July 2017.

[5] The independent chairman of its board is Gerard Lemos CMG, and its chief executive is Maurice Cleaves.

[1] Lemos and Cleaves previously held the same positions in the Payments Council.