The Bank of England (BoE) is seeking around 15 senior figures from the payments ecosystem including banking, FinTech, merchants and end users to participate in its newly established Retail Payments Infrastructure Board (RPIB).

The board was created as part of a new initiative by the Payments Vision Delivery Committee (PVDC) to establish a new model for delivering the next generation of retail payment infrastructure in the UK, supporting businesses and consumers across all sectors of the economy.

Announced in July, the committee said that the new model aims to integrate collaboration between the public and private sectors, using “the right skills in the right roles to drive transformation.”

As part of the initiative, the board's task will be to put the vision and strategy defined by the PVDC into practice, including through consultation with the broader payments ecosystem and end users.

“Having developed the design, RPIB will oversee infrastructure delivery by a new industry-owned and led delivery company, who will be responsible for procuring and funding the delivery of the next-generation infrastructure,” the PVDC said in a statement.

The committee, which will be chaired by chief cashier and executive director for payments Victoria Cleland, said they will confirm the new members in place before the first RPIB at the end of October.

Commenting on the applicants’ requirements, the committee said they should have a strong understanding of retail payments and be able to represent the views of their industry, have proven experience in overseeing or delivering strategic change, and have experience as senior executives of a board of directors or other senior governance committees.

Candidates must submit their applications to the committee by 24 September.

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