Stephen Jones, Chief Executive of UK Finance, said:

?UK Finance welcomes the appointment of Melanie Johnson as Independent Chair of the New Payment System Operator. Melanie has valuable experience at a senior level in the industry, including serving as Chair of The UK Card Association for eight years. We look forward to working with the new organisation to deliver innovations that benefit customers, while supporting competition by simplifying access to payments systems for new entrants.?

Notes to Editors

For more information contact: Shane McKenna on 02032178368 or shane.mckenna@ukfinance.org.uk

About UK Finance

UK Finance is a new trade association formed on 1 July 2017 to represent the finance and banking industry operating in the UK. Our role is to help our members to build customer trust, facilitate appropriate industry-wide collaboration, and work constructively with policy makers and regulators in the UK, EU and at a global level on financial services regulation; at all times seeking to ensure that the UK retains its position as a global leader in financial services.

The new organisation brings together activities formerly undertaken by the Asset Based Finance Association, the British Bankers? Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. We represent around 300 firms in the UK providing credit, banking, markets and payments-related services.