Faster Payments Scheme and Faster Payments Service: Difference between pages
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(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 == | == See also == | ||
* [[Faster Payments | * [[BACS]] | ||
* [[Clearing House Automated Payment System]] | |||
* [[Electronic commerce]] | |||
* [[Faster Payments Scheme]] | |||
Revision as of 14:19, 23 October 2012
(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
