UK’s New Payment System Operator opens developer portal
The UK’s New Payment System Operator (NPSO) has unveiled a developer portal as it seeks a new way to improve bill payments.
Called the “Request to Pay” portal, the NPSO is inviting payment service providers (PSPs) and billers to register to play their part in developing it.
Paul Horlock, the NPSO’s CEO, says: “We expect Request to Pay to support individuals with their financial decision-making, create a better channel for direct dialogue between payers and billers, and help more people and businesses avoid the cliff edges that can be created by an irregular income, or an unexpected or unpaid bill.”
The NPSO, which is responsible for setting the standards and rules in retail payments, explains that the new service will be ready for the market to launch from next year.
It is expected to be a messaging service for payments – “almost akin to email” – overlaid on top of existing infrastructure.
For each request, customers will be able to pay in full, pay in part, ask for more time, communicate with the biller, or decline the payment – giving more control to the person being asked to pay.
Payers can expect to have a choice of payment methods, or be able to automatically trigger a payment as part of their acceptance of a request.
Potential participants are being invited to review the draft specifications and provide feedback using an API sandbox for the “message repositories”.
You can do all that and find the portal here.