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UK Payments Council To Build Mobile Payments Platform

Payments council logo 140pxThe Payments Council has announced it is funding the development of a centralized database to facilitate mobile payments innovation in the UK.

The Payments Council is building a central database that will allow customers to link their mobile phone number to their account details, regardless of who they bank with. It will be available to UK banks and building societies before the end of this year as a platform for them to build their own competitive service for their customers. VocaLink has been appointed to build the central database.

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