Faster Payments Service: Difference between revisions

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imported>Doug Williamson
(Update links and expand for Real-time Payments and SEPA.)
imported>Doug Williamson
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* [[Real-time Payments]]
* [[Real-time Payments]]
* [[SEPA]]
* [[SEPA]]


===Other links===
===Other links===

Revision as of 14:49, 7 April 2018

(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