Single Immediate Payment

From ACT Wiki
Revision as of 05:57, 27 June 2022 by imported>Doug Williamson (Mend link.)
Jump to navigationJump to search

Immediate payments - UK - Faster Payments Service.

(SIP).

Single Immediate Payments are used primarily for ‘attended’ payments initiated by customers using channels such as internet, mobile or telephone banking, where the customer wants the payment to be effected immediately.

The paying customer must be advised of the fate of the payment in near-real-time at the time of payment submission.


See also