imported>Doug Williamson |
imported>Doug Williamson |
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| (FPS).
| | ''Tax''. |
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| UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.
| | The same as [[residence]]. |
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| 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.
| | [[Category:Accounting,_tax_and_regulation]] |
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| :<span style="color:#4B0082">'''''Instant payments for corporates?'''''</span>
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| :"... in a live proving exercise a [UK] Faster Payment valued in the tens of millions of pounds was sent and received.
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| :In comparison, SCT Inst has started with a EUR 15,000 limit, and the US Real-time Payments System caps transactions at USD 25,000."
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| :''The Treasurer magazine, April 2018, p23 - In Search of the Tipping Point.''
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| == See also ==
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| * [[BACS]]
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| * [[C&CCC]]
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| * [[Clearing House Automated Payment System]]
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| * [[CPA]]
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| * [[Electronic commerce]]
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| * [[ERPS]]
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| * [[Faster Payments Scheme]]
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| * [[Immediate payments and the impact on corporate treasurers]]
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| * [[IMPS]]
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| * [[LVPS]]
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| * [[NPP]]
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| * [[Pay.UK]]
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| *[[Payment service provider]] (PSP)
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| * [[Payments and payment systems]]
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| * [[Real-time Payments]]
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| * [[Single Euro Payments Area]] (SEPA)
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| * [[Single Immediate Payment]]
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| ==Other resource==
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| [http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008]
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| [[Category:Cash_management]]
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