Faster Payments Service and Pay: Difference between pages

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(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.


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.


2.


== See also ==
More specifically to give money in return for goods or services.
* [[BACS]]
* [[Clearing House Automated Payment System]]
* [[Electronic commerce]]
* [[Faster Payments Scheme]]




==Other links==
== See also ==
* [[Debt]]
* [[Pay down]]
* [[Payee]]
* [[Payment]]
* [[Payor]]
* [[Positive pay]]
* [[Reverse positive pay]]


[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008]
[[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