Faster Payments Service: Difference between revisions
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imported>Doug Williamson (Categorise page.) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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* [[Electronic commerce]] | * [[Electronic commerce]] | ||
* [[Faster Payments Scheme]] | * [[Faster Payments Scheme]] | ||
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Revision as of 11:20, 29 November 2014
(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
