European Community and Faster Payments Service: Difference between pages

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(EC).  
(FPS).  
This founding element of the European integration process established a common market without internal borders. 


It consolidated the European Economic Community, the European Coal and Steel Community and the European Atomic Energy Community.  
UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.
   
 
It is part of the European Union (EU).
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 ==
* [[European Commission]]
* [[BACS]]
* [[European Union ]]
* [[C&CCC]]
* [[Separate legal order]]
* [[Clearing House Automated Payment System]]
* [[CPA]]
* [[Electronic commerce]]
* [[Faster Payments Scheme]]
* [[IMPS]]
* [[LVPS]]
* [[Payments and payment systems]]
* [[PSP]]
* [[Immediate payments and the impact on corporate treasurers]]
 
 
===Other links===
[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008]


[[Category:Cash_management]]

Revision as of 15:42, 12 October 2016

(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