Mike Chambers

About Mike Chambers

A recognised authority on payments. Mike’s portfolio covers a range of advisory, ambassador, amplifier, thought leadership and NED engagements.

As Chief Executive Officer, Mike led Bacs Payment Schemes Limited (Bacs), the UK’s biggest retail payment system, from 2004 until 2018. During this time he successfully steered the company through a record number of payment processing, technological, regulatory and innovative customer proposition ‘firsts’ including extending Bacs’ product offering to include the ownership, management and market adoption of the Current Account Switch Service (CASS) and the Cash ISA Transfer Service. During his time at Bacs, Mike also led the UK’s systemically important RTGS payment system (CHAPS) as its CEO and operated the UK’s Faster Payment Scheme as its first Chief Executive creating the Payment System Operator (Faster Payment Scheme Limited).

Mike was an integral part of the industry initiative which led to the New Payments Architecture (NPA) vision (including concepts such as Request To Pay and Confirmation of Payee), the regulatory endorsed merger of the UK’s retail payment schemes and the formation of Pay.UK.

After over a decade as the Chief Executive Officer of the UK’s biggest retail payment system and bank account switching service Mike has embarked on a portfolio career. Mike’s portfolio includes roles such as senior advisor, associate partner, ambassador, social amplifier and Non-Executive Director.

Mike also publishes the Payments:Unpacked newsletter which provides an independent and informed insight into the UK’s retail payments landscape.

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