Examination of Witnesses (Question Numbers
16 MARCH 2010
Q37 Chair: Welcome to the Committee's
session on The End of Cheques? Can you introduce your colleagues
for the shorthand writer, please?
Mr Smee: I am Paul Smee, Chief
Executive of the Payments Council.
Ms Quinn: Sandra Quinn, Director
of Communications of the Payments Council.
Mr Locke: I am Stephen Locke,
one of the independent directors of the Payments Council. I also
chair the Consumer User Forum on which Consumer Focus, Citizens
Advice, Age Concern, Help the Aged, Which? and others are
Q38 Chair: Tell us about yourself.
Who are you? Who sits on your board? How independent are you?
Mr Smee: The Payments Council
was a body set up in the aftermath of the OFT Payment Systems
Task Force after discussion with Government and the OFT. It is
chaired by an independent person. It has four independent directors
and 11 bank directors. Its mission is to set the strategy for
UK payments going forward and to preserve the integrity of the
Q39 Chair: If a vote is needed it
requires 70% in favour or 11 votes out of 15, does it not?
Mr Smee: Yes, it does.