HC Deb 06 March 1986 vol 93 c263W
Mr. Gould

asked the Chancellor of the Exchequer whether he has any plans to seek to amend United Kingdom banking law as it relates to the interests of the personal customers of financial institutions using electronic funds transfer at point of sale.

Mr. Ian Stewart

The Government propose to include in early legislation to strengthen the system of banking supervision a minor technical amendment to the Consumer Credit Act 1974. This will remove a possible constraint on the development of a nationwide system for electronic funds transfer at point of sale. The Government have no plans to include in this legislation any further amendments to UK banking law in relation to EFTPOS.