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Competition and Markets Authority announces its formal decision on New Payment System Operator


We welcome the announcement from The Competition and Markets Authority (CMA) that it has given its formal decision to clear the proposed merger of Bacs, Faster Payments and the Image Clearing System into a single consolidated New Payment System Operator (NPSO). Bacs will continue to work to support the planning and implementation of NPSO while maintaining our systemic risk management functions to ensure the payments systems we operate continue to function robustly and effectively throughout this period of change​.

View further details about the CMA's decision​.