Faster Payments Service and Pay: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Administrator
(CSV import)
 
imported>Doug Williamson
(Classify page.)
 
Line 1: Line 1:
(FPS).  
1.  
UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.  
 
To discharge a debt by giving or doing something. 
 
 
2.
 
More specifically to give money in return for goods or services.  


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 ==
* [[BACS]]
* [[Debt]]
* [[Clearing House Automated Payment System]]
* [[Pay down]]
* [[Electronic commerce]]
* [[Payee]]
* [[Faster Payments Scheme]]
* [[Payment]]
* [[Payor]]
* [[Positive pay]]
* [[Reverse positive pay]]


[[Category:Cash_management]]
[[Category:Liquidity_management]]

Latest revision as of 21:17, 1 July 2022

1.

To discharge a debt by giving or doing something.


2.

More specifically to give money in return for goods or services.


See also