Single Immediate Payment

From ACT Wiki
Revision as of 21:11, 19 December 2019 by Doug Williamson (Talk | contribs) (Create page. Sources:The Treasurer, December 2019 p32, and FPS webpage

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Immediate payments - UK - Faster Payments Service.


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