Report calls for new approach to payments

A report produced by the Information Society Commission (ISC) estimates that the Irish economy could benefit from a co-ordinated approach to payments infrastructure.

The study, prepared by Accenture, argues that a Government strategy to deliver a top-class payments system in Ireland would generate shared cost savings across banking, corporate, SMEs, and Government sectors of up to €420-per-annum - an approximate 0.3% lift to the GNP.