Icon is ideally positioned to work with banks to ensure readiness for the UK’s New Payments Architecture (NPA) programme, and to design and deliver enhanced real-time-payments projects for banks.
How NPA has come about
Arising from the UK’s industry-wide Payments Strategy Forum in 2016 and 2017, the NPA initiative will deliver a state-of-the-art real-time payments infrastructure, providing enhanced resilience and security, adopting the ISO 20022 standard for richer payments data, and enabling a wide range of new payments products (including at point-of-sale) for end-users.
The central NPA infrastructure is being built and will be operated by Pay.uk, the UK’s leading retail payments authority. On current timelines, design and build will proceed throughout 2023, and go-live is targeted for the first half of 2025, around 30 months from now.