Faster Payments Service: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
imported>Doug Williamson (Layout.) |
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==Other links== | ===Other links=== | ||
[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008] | [http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008] | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 09:03, 11 May 2015
(FPS).
UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.
It allows credit transfers and standing orders to be paid in near real time. There is a maximum transaction amount. It is operated by VocaLink 24 hours a day, 7 days a week.
See also
- BACS
- Clearing House Automated Payment System
- Electronic commerce
- Faster Payments Scheme
- Payments and payment systems
