Faster Payments Service: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing) |
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(FPS). | (FPS). | ||
UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days. | UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days. | ||
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* [[Electronic commerce]] | * [[Electronic commerce]] | ||
* [[Faster Payments Scheme]] | * [[Faster Payments Scheme]] | ||
Revision as of 21:38, 25 August 2013
(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.
