Delegates will assess the progress made in establishing the New Payments Architecture as:
• Pay.UK is expected to be undergoing contract negotiations, securing funding, establishing the project organisation, and IT and operational environment and • the Bank of England undergoes its procurement phase for the build.
Innovation, access to payment services and the evolving landscape for UK payments
The seminar also comes at a time of significant change for the industry, consumers and businesses in light of the declining use of cash and the increasing role of digital payments and will hear about work being delivered as the Government commits to establishing a new working group which will aim to support access to cash and ensure that all current denominations remain in circulation, following its Cash and digital payments in the new economy consultation.
Preventing payment fraud
The seminar follows the introduction of the Stronger Customer Authentication (SCA) as part of the Payment Services (PSD 2) which is designed to reduce fraud and requires online payments to have a two-step authentication process.
The conference will consider the impact of SCA on online payments as the FCA phases in its enforcement action, following concerns that some e-commerce firms were not ready for the deadline and the impact that SCA is expected to have on the online payments process. Delegates will also look at what else needs to be done to tackle fraud, including push payment fraud, such as Confirmation of Payee and increasing consumer awareness of scams, while also ensuring that payment markets function efficiently.
Details of this event, which is being held on 23 January 2020 in London, are available from Westminster Business Forum.
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Unfair gender pay gaps in companies may prompt staff to look for another job 4 December 2019
Automatic Data processing (ADP) published its 2019 Workforce View report and the findings revealed that 68% of workers would consider leaving their job if there was a gender pay gap within their company.
HR Review has reported that over two-thirds of staff hold this viewpoint, which increased to 79% of women if they discovered that their gender had been unfairly paid. The report surveyed 10,585 employees in eight European territories, inclusive of France, Germany, Italy, the Netherlands, Poland, Spain, Switzerland and the UK. Figures from the Office for National Statistics (ONS) did demonstrate that the gender pay gap is closing but that it is doing so at a very slow pace, with an improvement of only 0.6% when compared to 2002. At present, women earn 8.9% less than their male colleagues.
The managing director at ADP, Jeff Phipps, commented:
“Disappointingly, it seems that progress towards closing the gender pay gap has begun to stagnate, regardless of the introduction of pay gap reporting. Despite widespread calls for change, the gender pay gap appears deeply ingrained in workplaces in the UK, but employers cannot afford to be complacent. They need to recognise what’s at stake in failing to address gender inequality within their companies.”
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Tax and NIC considerations on seasonal reward schemes
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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