"We welcome the code of conduct, which is a positive and significant step in the right direction towards improving access to payment systems. It shows the payments industry is committed to raising standards, particularly in making sure those that access payment systems indirectly receive a high quality ongoing service.
 
"The code sits alongside and complements the wider work we are doing at the PSR, such as our in-depth market review on indirect access, and the directions we have created to increase transparency and accountability."