Travers Smith advises Pay.UK on Request to Pay – the new payments messaging service
On Friday 29 May, Travers Smith's client, Pay.UK (which operates the UK's retail payment systems such as Bacs and Faster Payments) launched the Request to Pay (RtP) legal framework. Its launch is a significant milestone for Pay.UK as it seeks to deliver on its promise to promote innovation in the UK's dynamic and fast-moving payments market.