Request to Pay

Cash management.

Request to pay is a secure messaging service.

It will be overlaid on top of existing payments infrastructure as a new flexible way to settle bills.

For each ‘request’, the payer will be able to pay in full, pay in part, ask for more time or decline to pay and begin a dialogue with the requester. It gives more control to the person being asked to pay.

Cash forecasts may change significantly

"Request to Pay will be coming soon and for those treasurers reliant on direct debit income, their cash forecasts may change significantly as customers choose to delay payment."

The Treasurer, December 2019, p29.

See also

• Cash forecasting
• Debit
• Direct credit
• Direct debit
• Standing order
• Payments and payment systems
• Track and trace