Faster Payments Service and Residency: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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(FPS).  
''Tax''.


UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.  
The same as [[residence]].


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]]
 
 
:<span style="color:#4B0082">'''''Instant payments for corporates?'''''</span>
 
:"... in a live proving exercise a [UK] Faster Payment valued in the tens of millions of pounds was sent and received.
 
: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."
 
:''The Treasurer magazine, April 2018, p23 - In Search of the Tipping Point.''
 
 
== See also ==
* [[BACS]]
* [[C&CCC]]
* [[Clearing House Automated Payment System]]
* [[CPA]]
* [[Electronic commerce]]
* [[ERPS]]
* [[Faster Payments Scheme]]
* [[Immediate payments and the impact on corporate treasurers]]
* [[IMPS]]
* [[LVPS]]
* [[NPP]]
* [[Pay.UK]]
*[[Payment service provider]]  (PSP)
* [[Payments and payment systems]]
* [[Real-time Payments]]
* [[Single Euro Payments Area]]  (SEPA)
* [[Single Immediate Payment]]
 
 
==Other resource==
[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008]
 
[[Category:Cash_management]]

Latest revision as of 08:32, 2 July 2022

Tax.

The same as residence.