Faster Payments Service: Difference between revisions
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[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] | ||
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Revision as of 05:28, 4 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
