Payments Council

The Payments Council is an organization that helps people and companies move money from one place to another safely and easily. It's like a grown-up helper that makes sure money can go where it needs to go without getting lost or stolen.

Imagine you have a piggy bank full of coins and you want to give some of it to your friend who lives far away. You can't just give it to them like you can with toys or snacks. You need a grown-up helper to help you make sure the coins get to your friend safely and without anyone taking them.

That's where the Payments Council comes in. They help grown-ups move money around without anyone taking it or losing it. Just like how your parents might use a bank to keep their money safe, the Payments Council helps all kinds of people and companies make sure their money doesn't get lost or stolen when they're sending it to someone else.

The Payments Council also helps create new ways for people to move money around, like using your phone to pay for things or sending money through the internet. They make sure these new ways are safe and easy to use so that people can keep using them in the future.

So, the Payments Council is like a helper that makes sure all the money that people send to each other doesn't get lost or stolen, and they also help make new ways for us to move money around safely and easily.