Pay.UK has invited interested parties to help develop an ‘Enhanced Data’ capability as part of the New Payments Architecture (NPA) programme.

Enhanced Data offers the capability to add additional information to payments, as standardised, structured data creating both a larger capacity and wider range capable of transmission.

Examples include the purpose of the payment, tax and benefit information, a personalised message or underlying business transaction details.

Pay.UK explained that a wide range of organisations could benefit from involvement in the development of Enhanced Data, ranging from government, commercial and consumer organisations through to financial service providers, FinTechs and industry associations.

Interested parties are invited to complete a questionnaire on the Pay.UK website which will help to identify segments, sectors, stakeholders, use cases and benefits for Enhanced Data, helping the project in turn to map an information matrix informing scope and field of engagement.

The project will invite a cohort of respondents to discuss the topic in further detail through introductory workshops, one-to-one sessions and roundtable discussions.

This engagement will run alongside an ongoing Enhanced Data advisory group, which is currently recruiting participants. The terms of reference have been published on the Pay.UK website, with applications welcomed before the closing date of 7 December 2018.

The move follows the retail payments authority - formerly known as the New Payment System Operator (NPSO) - publishing a procurement prospectus in October, aiming of finding a strategic partner to help deliver retail payment infrastructure.

This marked the starting point of a competitive process to appoint an organisation to define, deliver and operate the NPA, which will safely and securely process trillions of pounds worth of payments every year.

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