Faster Payments Service: Difference between revisions

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imported>Doug Williamson
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imported>Doug Williamson
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* [[IMPS]]
* [[IMPS]]
* [[LVPS]]
* [[LVPS]]
* [[NPP]]
* [[Payments and payment systems]]
* [[Payments and payment systems]]
* [[PSP]]
* [[PSP]]

Revision as of 19:53, 19 July 2017

(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


Other links

UK Faster Payments Service, ACT Briefing note, 2008