Faster Payments Service: Difference between revisions
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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. | 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 == | == See also == | ||
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* [[Electronic commerce]] | * [[Electronic commerce]] | ||
* [[Faster Payments Scheme]] | * [[Faster Payments Scheme]] | ||
==Other links== | |||
[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008] | |||
Revision as of 09:20, 2 October 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.
See also
